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Daily Market Commentary: 22 February 2019

Today we are taking a look at: Local bonds were steady yesterday afternoon after a strong rally following Wednesday’s budget USDZAR holds steady around the 14.0000 level Gold remains steady after posting the biggest decline in three months The JSE and global markets end Thursday’s session mostly lower, weighed down by poor economic data [...]

By | 2019-02-22T09:52:29+00:00 February 22nd, 2019|Markets and Research|0 Comments

Daily Market Commentary: 21 February 2019

Today we are taking a look at: Volatile reaction to budget, with yields initially spiking, then slumping Local focus now drifts to rating agency reviews Global markets traded higher ahead of the release of the Federal Reserve’s minutes US FOMC minutes maintain dovish rhetoric; SA CPI surprises to the downside and budget speech downbeat [...]

By | 2019-02-21T10:31:46+00:00 February 21st, 2019|Markets and Research|0 Comments

Key Highlights from the 2019 Budget

Executive Summary The 2019 Budget builds on the 2018 MTBPS, with one sore caveat: the fiscal trajectory has deteriorated even further as NT chose to provide financial support to Eskom to the value of R23 billion per annum. However the bad news doesn’t end there – growth estimates had to be revised sharply lower yet [...]

By | 2019-02-21T08:48:21+00:00 February 21st, 2019|Markets and Research|0 Comments

Daily Market Commentary: 19 February 2019

Today we are taking a look at: Local yields remain low despite uncertainty over Budget and SOE woes Local markets likely to be cautious again today, USDZAR remains above R14.00/$ Oil held gains at a three-month high as investors focused on prospects of a resolution to the U.S.-China trade war and signs of sliding shipments [...]

By | 2019-02-19T09:26:03+00:00 February 19th, 2019|Markets and Research|0 Comments

Daily Market Commentary: 18 February 2019

Today we are taking a look at: Offshore supports SAGBs despite fragile ZAR and local event risk The rand holds steady above 14.0000 Oil traded near the highest level since November on optimism over a U.S.-China trade deal and as an outage at the world’s largest offshore field in Saudi Arabia signalled tightening supply Resources [...]

By | 2019-02-18T09:02:02+00:00 February 18th, 2019|Markets and Research|0 Comments