AM Weekly Market Commentary - July 7, 2017
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A new week and a new trend on African markets… Performance was mixed starting the month as near half of the indices under our watch closed on negative territories.
A new week and a new trend on African markets… Performance was mixed starting the month as near half of the indices under our watch closed on negative territories.
Summer vacations are knocking at the door and the feeling was already present on African markets with the vast majority closing the week in green.
A mixed performance this week on African markets with 7 of the markets under our watch closing on negative territories.
The major news this week was obviously the entry into technical recession of South Africa. This was anticipated since growth already contracted last quarter.