Daily Market Commentary: 15 January 2018

Today we are taking a look at:

• Small outflow of foreign capital from the bond market seen last week, liquidity expected to normalise this week
• Another very quiet day for the Rand on Friday as it traded through the local session in a 12.36-12.46 range
• Oil close to 3yr high as OPEC reiterates production cuts; gold close to a 4-month high on the back of dollar weakness
• US markets upbeat as earnings season takes centre stage, Asian markets mostly positive this morning, local equities boosted by resources
• SA PMI sharply lower in December; US CPI and retail sales disappoints