Daily Market Commentary: 4 November 2019

Today we are taking a look at:

• A very quiet afternoon session on Friday with SAGBs still on the back foot going into Moody’s review
• USDZAR recovers from worst levels
• Oil held its biggest gain in almost seven weeks
• All eyes on Shoprite’s Sales update today. Tencent is +1.2%, US futures are +0.3% from our close and commodities are mixed
• SA PMI rises, nears benchmark 50-point mark; US labour market data above consensusDailyMarketCommentary191104