Morning note

Local market

The market was dominated by Rand weakness yesterday. It did help the JSE rise 0.87% led mostly by the resource counters and dual listed heavyweights. Naspers outperformed with a gain of 5.4%

Non-farm payroll

US markets were quiet ahead of the non-farm payroll number that will be announced later today.

Expectations

A strong ADP number yesterday suggests that the US market is expecting a strong employment figure.

Posted in Morning note

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