Daily Market Commentary: 30 November 2017

Today we are taking a look at:

  • Broad offshore selling late last night gave yields a nudge higher, foreign investors sell R2.12 billion bonds yesterday
  • USDZAR continues to hold steady post the downgrade; dollar remains strong; sterling supported by optimism over Brexit negotiations
  • OPEC meeting underway, the oil price remains elevated; Gold sharply lower as the dollar rebounds, safe haven demand eases
  • The JSE traded higher after two days of losses; The recent rally in financials led to various shares in the sector reaching 52-week highs; Markets globally experienced choppy trading sessions as the switch from technology shares to financials gained momentum
  • Eurozone confidence indicators improve; US GDP revised higher in Q3; Japanese industrial production led by exportsDailyMarketCommentary171130
By | 2017-11-30T09:37:31+02:00 November 30th, 2017|Markets and Research|0 Comments

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