Daily Market Commentary: 26 October 2017

Today we are taking a look at:

  • Bond yields rose sharply after a deeply depressing MTBPS, foreign outflows of R5.13 billion seen on the day
  • USDZAR set to remain on the back foot
  • Oil marginally lower as US stockpiles rise; Gold advances before ECB today
  • The ailing rand helped the JSE bounce back after two lacklustre sessions; A stronger euro weighed on European stocks while lower commodity prices weighed on the FTSE; U.S. markets ended firmly in negative territory due to broad based profit taking; Asian markets are mixed this morning
  • UK quarterly growth rises in Q3; SA MTBPS significantly worse than estimates
By | 2017-10-26T08:21:51+02:00 October 26th, 2017|Markets and Research|0 Comments

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