Daily Market Commentary: 2 November 2017

Today we are taking a look at:

  • SAGBs open strongly in line with ZAR move but have yet to trade
  • USDZAR Breaches below the 14.0000 level
  • Brent rallies further as US crude stockpiles expected to decline; Gold price volatile intraday, rallies marginally
  • Momentum on the JSE continued closing higher for the 6th consecutive session; European markets added to Tuesday’s gains; U.S. markets ended mixed after the FED kept rates unchanged; Asian markets are experiencing choppy trading this morning supported by stronger energy shares despite crude losing ground overnight
  • Global PMIs are mixed, but likely to improve into year-end; US FOMC leaves rates unchanged but signals solid pace of growth
DailyMarketCommentary171102
By | 2017-11-02T09:55:48+02:00 November 2nd, 2017|Markets and Research|0 Comments

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