Daily Market Commentary: 9 November 2017

Today we are taking a look at:

  • Foreign interest re-emerges in the bond market, with inflows of R2.91 billion yesterday and R3.75 billion for the week to date
  • USDZAR and crosses strengthened yesterday, but FX markets are currently marking time
  • Gold rises further amid risk-off sentiment; Brent eases marginally
  • The JSE closed lower for the first time this week as investors took some profits off the table; European markets ended mixed with sentiment in the finance sector rattled by poor banking results; The U.S. advanced for the sixth time in seven days once again closing at record highs; Asian markets are trading higher this morning
  • SACCI business confidence index deteriorates in October; Chinese trade surplus and inflation rises; Japanese data disappoints as current account surplus narrows
By | 2017-11-09T09:10:15+02:00 November 9th, 2017|Markets and Research|0 Comments

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