market opened higher on global investor buying before reporting season and sliding
currency had both local and global investors locking in profit through the day.
US remains the main
risk with weaker economic data and continued effects of the pandemic are not
being buffered by new consumer bailout deals. The election year means we are
unlikely to see a quick resolution between the layers of government while
geopolitical risks are likely to keep rising. The best three performing sectors were property,
energy and industrials while the worst three were health care, utilities and
banks. US market had tech, property and gold as the only positive sectors
overnight with employment data delivering negative news on the economy.
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