Daily Market Commentary: 8 March 2018

Today we are taking a look at:

  • A quiet session in SA, with the blotter dominated by further bond inflows fading the ZAR-inspired sell-off
  • Rand remains range-bound ahead of NFP tomorrow
  • While the gold price remains elevated, it has eased marginally; Brent remains elevated
  • Global markets experienced choppy trading as investors digested the news that Gary Cohn had resigned. Sentiment improved overnight as the White House Press Secretary announced that certain countries would be exempt from the import tariffs
  • US ADP surprises to the upside; SA business confidence index eases, concerns that this could derail further
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By | 2018-03-08T09:00:56+02:00 March 8th, 2018|Markets and Research|0 Comments

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