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Daily Market Commentary: 24 February 2017

Today we are taking a look at: SA PPI sharply lower in January to high base effect, food inflation eases, prompting lower input costs Rand strengthens as market digests budget, softer dollar aids majors stronger on the day Top 40 closes marginally up on a results heavy day, US markets lacklustre leading Asia weaker this [...]

By | February 24th, 2017|Finance, General|0 Comments

2017 National Budget Review

By: Mohammed Nalla, Head: Strategic Research, Global Markets at Nedbank Corporate and Investment Banking Please find attached a copy of our Budget Breakfast presentation where we review the 2017 National Budget as well as discuss our high level views on the macroeconomic context and markets outcomes domestically and globally. Synopsis: Domestic fundamentals remain weak but [...]

By | February 23rd, 2017|Finance, General, Investing, Markets and Research, Uncategorized|0 Comments

Daily Market Commentary: 23 February 2017

Today we are taking a look at: Pragmatic budget, with big emphasis on transformation, higher PIT revenues and sin taxes, with expenditure ceiling expected to decline over the MTEF Rand strengthens post initial budget related volatility, euro regains some ground after dollar softens following FOMC minutes Top 40 index slumps 1%, US markets mixed with [...]

By | February 23rd, 2017|Finance, General|0 Comments

Daily Market Commentary: 22 February 2017

Today we are taking a look at: Global inflation rate rises as energy costs surge; real rates accommodative; breakeven rates stabilise Rand traded weaker as caution re-emerges amid focus on today's Budget, euro slips and majors focus on FOMC minutes today Top 40 rises 0.11%, led by resource stocks; US equities touched new record highs [...]

By | February 22nd, 2017|Finance, General|0 Comments