Daily Market Commentary: 4 July 2019

·       Market dovishness lead to slightly lower bond yields, hunt for yield persists

·       Markets quiet as they wait for US NFP

·       Oil edged lower as a smaller-than-expected decline in U.S. crude and gasoline inventories added bearish sentiment to a market reeling from a gloomy economic outlook

·       Our local Top40 closed lower while global equity markets close in positive territory

·       US payrolls report shows strong job gains

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