Daily Market Commentary: 7 March 2018

Today we are taking a look at:

  • SA GDP data and continuing risk on gives SAGBs good support after last week’s rout of the back end
  • SA GDP beating estimates provides support for the Rand; US dollar weakens further amid news of further curbs on imports
  • Gold remains upbeat, supported by a weak dollar; Crude oil prices remain supported by risk appetite, despite rising US production
  • The JSE jumped over 2% while global markets experienced choppy trading, overnight markets were rattled by the resignation of the economic advisor to Donald Trump.
  • SA GDP growth surprises to the upside in Q4, 2017 full year growth comes in at 1.3% vs 0.9% expected
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By | 2018-03-07T10:13:47+02:00 March 7th, 2018|Markets and Research|0 Comments

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