Daily Market Commentary: 16 November 2017

Today we are taking a look at:

  • Subdued inflows into the local bond market yesterday
  • Dollar marginally stronger this morning, USDZAR remains weak, politics continues to weigh on sentiment
  • Gold sharply lower as a result of a stronger dollar; Brent close to the weekly lows
  • Yesterday the global sell-off gained momentum; The JSE as well as its European and American counterparts all closed firmly in the red; This morning Asian markets are showing signs of a recovery after a shaky start
  • US inflation and retail activity slows; Eurozone trade surplus rises as imports fall; SA retail sales continue to defy expectations, sales growth surges in September
DailyMarketCommentary171116
By | 2017-11-16T09:04:49+02:00 November 16th, 2017|Markets and Research|0 Comments

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