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
By | 2018-02-16T09:04:54+02:00 February 16th, 2018|Markets and Research|0 Comments

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