Daily Market Commentary: 5 October 2017

Today we are taking a look at:

  • SAGBs sold off by foreign investors yesterday, outflows of R66 million recorded
  • Dollar continues to ease, supportive of majors and EM FX, but the rand still remains above key technical levels
  • Gold finds support from a weaker dollar while the oil price remains volatile but close to $55.80/bbl.
  • Top40 and All Share advancing 8 tenths of a percent and 7 tenths of a percent respectively; Trading in Europe was subdued by Spain’s political situation; U.S. markets posted small gains once again closing at record highs; Asian markets are trading cautiously with Hong Kong and China still closed for bank holidays
  • Eurozone retail sales growth falters in August; US ADP employment worsens in September
DailyMarketCommentary171005
By | 2017-10-05T09:20:20+02:00 October 5th, 2017|Markets and Research|0 Comments

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