Daily Market Commentary: 17 January 2018

Today we are taking a look at:

  • SAGBs catch a bid in line with FX yesterday, liquidity improves, markets await ANC NEC and SARB tomorrow
  • Rand supports broken but no real follow through
  • Gold eases off its 4-month high; Brent price weighed by profit-taking
  • The JSE ends the day firmer, with banks, properties and retailers outperforming. European markets end mixed,
    while US and Asian markets are weaker, dragged mostly lower by energy and mining stocks.
  • SA mining output surprises to the upside in November due to low base effects;
    UK inflation rate remains elevated at 3%
Markets_
By | 2018-01-17T10:08:08+02:00 January 17th, 2018|Markets and Research|0 Comments

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