Daily Market Commentary: 4 March 2019

Today we are taking a look at:

  • Risk on in Asia as rumours of an imminent trade agreement hits the wires and Trump speaks of a ‘competitive dollar’
  • Trump blames the FED for strong USD
  • Oil climbed on signs of slowing U.S. production growth and as OPEC and its allies deepened output cuts aimed at averting a global glut
  • Asian markets are stronger this morning on US-China trade optimism improving global risk-on sentiment as the US seems close to lifting most if not all tariffs against China
  • SA manufacturing PMI slumps sharply in February; Global PMIs lower; Eurozone inflation data disappoints; US personal income and spending contracts in December
DailyMarketCommentary190304
By | 2019-03-04T12:13:56+00:00 March 4th, 2019|Markets and Research|0 Comments

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