Daily Market Commentary: 12 October 2017

Today we are taking a look at:

  • Foreign capital outflows from the bond market amount to R1.13 billion yesterday
  • Dollar continues to falter as the FED disappoints the markets
  • Oil halts 3 days of gains while gold price remains upbeat
  • The JSE showed resilience closing higher after a choppy trading session; European markets were mixed with the DAX supported after GDP forecasts for 2017 and 2018 were increased; US markets closed at record highs with the Fed’s minutes from the September FOMC meeting seen as dovish; Asian markets are taking their cue from US markets overnight and are trading mostly higher
  • US FOMC minutes decidedly dovish
By | 2017-10-12T11:36:32+02:00 October 12th, 2017|Markets and Research|0 Comments

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