Daily Market Commentary: 7 December 2017

Today we are taking a look at:

• Thin volume and liquidity conditions prevail, SAGBs track the ZAR weaker, foreign investors sell R1.32bn of SA bonds
• USDZAR holds steady ahead of U.S data tomorrow
• US crude imports were higher in October, but the Brent price continues to ease marginally; Gold remains range bound
• Top 40 plunged -1.6% led by Steinhoff’s -60% sell off and global markets were mixed
• SACCI business confidence improves in November; US ADP payrolls data shows upbeat labour market