Daily Market Commentary: 19 October 2017

Today we are taking a look at:

  • SAGBs still hold in well given the ZAR woes, but we approach the all important 8.84 level on R186s
  • Local political headlines weighs on the rand
  • Tensions in Iran keeps oil price close to 3-week high; gold continues decline as market becomes more hawkish on Fed
  • The JSE rebounded from Tuesday’s losses with both major indices gaining under half a percent; European markets gained despite weaker energy and utility sectors; The U.S. closed at record highs; Asian markets are mixed this morning as investors digest Chinese economic data
  • SA CPI surprises to the upside in September
DailyMarketCommentary171019
By | 2017-10-19T08:35:34+02:00 October 19th, 2017|Markets and Research|0 Comments

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