Today we are taking a look at:

  • Large foreign capital outflows from the bond market on Friday erases gains for the week
  • Dollar eases marginally after disappointing NFP, supportive of majors overnight, USDZAR and EM FX remains weak; Markets likely to mark time ahead of US holiday today
  • Gold price takes-off in US trading session, but still below $1300/oz.; Oil falls sharply as US crude production rises
  • All Share index ends the week on a positive note despite weaker than expected US Jobs data
  • US labour market data shows shock payrolls decline, which may be temporary, but the rest of the data is still upbeat
DailyMarketCommentary171009