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A stronger currency spoiled the equity party again yesterday, says Nico Kelder, economist at the Efficient Group.
Trading on local equities were lacklustre yesterday as our currency gained against the majors, says Nico Kelder, economist at the Efifcient Group.
Local equities were undecided on whether the money supply and trade data were positive or not, and closed slightly down on Friday, says Nico Kelder economist at the Efficient Group.
The slightly better than expect inflation data could not counteract the effect of the stronger currency which pushed local equities and bonds lower as interest rate fears increase, says Nico Kelder, economist at the Efficient Group.
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