Daily Market Commentary: 21 November 2017

Today we are taking a look at:

• Foreign activity starts the week off on a negative note, with outflows of R1.23 billion from the bond market yesterday
• Markets continue to trade cautiously across the board ahead of key events later in the week
• Gold sharply lower; Brent eases on the day but remains elevated ahead of OPEC meeting next week
• Naspers lifted the local market higher and likely to do the same today, instability in Germany’s politics keeps global markets at bay
• Foreign flows turn in favour of equities recently, 7th consecutive weekly equity inflow recorded