Today we are taking a look at:

  • Locals continue to fade the offshore bond outflow, but as usual, their buying is cash flow related, foreign outflow from the bond market last week was R8.12 billion
  • Local politics the key focus, USDZAR extends weaker on Friday on the back of a strong dollar, majors weak
  • Both Brent and gold prices were range-bound, but dollar sharply weaker and Brent stronger after payrolls data
  • Global technology shares continue trekking higher led by Apple following the release of its results
  • US unemployment rate falls and payrolls rebound in October, but wage growth eases
DailyMarketCommentary171106