Daily Market Commentary: 16 February 2018

Today we are taking a look at:

• SA fixed income markets rally as markets express relief over Zuma resignation
• Locals hope of a new beginning, the rand benefits from the positive local momentum and a weaker dollar
• Both gold and oil rallies on the back of a weaker dollar, Oil boosted by comments from OPEC members reiterating production cuts and cost savings
• The JSE surges after Jacob Zuma resigns; European, US and Asian market all trade higher
• Eurozone trade balance surprises to the upside; US industrial production and PPI data disappoints