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Daily Market Commentary: 26 July 2016

Today we are taking a look at: The performance of global equity indices remain muted in $-terms for the YTD, apart from the S&P 500; FTSE boosted in local currency terms due to weak pound  USDZAR weakens into local close, but supported in Asia this morning; Global majors marginally stronger Top 40 rises 0.56 %, [...]

By | July 26th, 2016|Uncategorized|0 Comments

Daily Market Commentary: 25 July 2016

Today we are taking a look at: EM and commodity currencies strengthen for the YTD, lifted by risk-on demand and commodity prices Rand loses momentum, weakens into the close on Friday; pound sharply weaker due to negative economic data, euro and majors weaker as well Top 40 lacklustre, JSE foreign stats incorrect, US markets end [...]

By | July 25th, 2016|Finance, Markets and Research|0 Comments

Daily Market Commentary: 22 July 2016

Today we are taking a look at: SARB MPC keeps repo rate unchanged in unanimous decision, but growth forecast significantly lower for 2016 Rand sustains momentum throughout session, pushed to new session low post MPC, majors range bound as ECB holds back for now Top 40 closes marginally up as resource rebound countered by soft [...]

By | July 22nd, 2016|Finance, General|0 Comments

Daily Market Commentary: 21 July 2016

Today we are taking a look at: SA CPI in line with consensus, food inflation result in uptick in headline CPI to 6.3 % y/y in June USDZAR range-bound ahead of SARB MPC, majors stronger, market awaits ECB meeting today US equities upbeat, Top 40 ends flat after early losses, Asian markets follow US markets [...]

By | July 21st, 2016|Finance, Markets and Research|0 Comments