SARB

Monthly Insights: December 2018

By | 2018-12-11T10:59:26+00:00 December 11th, 2018|Markets and Research, Watch This|

Executive Summary ·        After sounding increasingly hawkish since its September meeting, the US Fed has come to the realisation that it may need to reassess its policy tools, and its tightening strategy. While domestic macroeconomic data remain upbeat, cracks have started to emerge in the form of a slowdown in business capex spending, tighter global [...]

Daily Market Commentary: 23 November 2018

By | 2018-11-23T09:26:32+00:00 November 23rd, 2018|Markets and Research|

Today we are taking a look at: SAGB yields supported by risk sentiment, SARB rate hike USDZAR gains as a result of a confluence of factors: SARB rate hike as well as dollar weakness, risk sentiment; Majors upbeat Gold range-bound, oil sharply lower, again The JSE and European markets continue lower as Brexit and slowing [...]

Daily Market Commentary: 22 November 2018

By | 2018-11-22T09:18:25+00:00 November 22nd, 2018|Markets and Research|

Today we are taking a look at: Some position squaring ahead of the US holiday resulted in a rally in SAGB yields, markets remain cautious ahead of SARB rate decision today Local FX market remains fixated on SARB MPC meeting this afternoon, ZAR posts strong gains on expectations of a SARB hike Brent remains low, [...]

Daily Market Commentary: 21 November 2018

By | 2018-11-21T09:58:37+00:00 November 21st, 2018|Markets and Research|

Today we are taking a look at: SAGB yields continue to remain range-bound ahead of SARB MPC, weekly nominal bond auction sees better demand Rand remains range bound, as focus shifts to local data releases and MPC tomorrow Gold and oil price continues to move in opposite directions; Brent weighed by ample global supplies, while [...]

Monthly Insights: November 2018

By | 2018-11-09T10:44:14+00:00 November 9th, 2018|Markets and Research, Watch This|

    Executive Summary ·   SA’s real economy has presented mixed signals in the high-frequency prints we have seen thus far for Q3. Mining production is likely to represent a key drag on Q3 real GDP growth, while manufacturing production surged by 1.9% in the three months to August and likely contributed positively [...]

Daily Market Commentary: 30 October 2018

By | 2018-10-30T09:01:09+00:00 October 30th, 2018|Markets and Research|

Today we are taking a look at: Yields continue lower, ignoring rand move SARB suggests rand significantly undervalued and interest rates too low, rand remains on the back foot as dollar strengthens Brent and gold both range-bound Trade talks resurface, putting pressure on equity markets US personal income and spending growth eases