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Daily Market Commentary Flash Note – 22 October 2020

Currencies Rand posts gains and holds steady. Commodities Oil prices dropped in early trade. Equities US earnings – 85% beat on earnings out of the 84 companies that have reported so far, with tech in vogue this week.   Date Region Event Actual/Expected/Prior Implications 22/10 US Initial Jobless Claims --/865k/898k Jobless claims to come in [...]

By | 2020-10-22T08:53:11+02:00 October 22nd, 2020|Markets and Research|0 Comments

Daily Market Commentary Flash Note – 21 October 2020

Currencies Market eyes on a possible stimulus package in the US. Commodities Oil prices fell after a surprise climb in U.S. crude stockpiles. Equities A pre-election stimulus deal inches closer, which provides support across global markets, despite the pick-up in COVID-19 related lockdowns.   Date Region Event Actual/Expected/Prior Implications 21/10 UK CPI --/0.6%/0.2% CPI to [...]

By | 2020-10-21T08:46:11+02:00 October 21st, 2020|Markets and Research|0 Comments

Daily Market Commentary Flash Note – 20 October 2020

Currencies Rand fails to consolidate gains sub 16.5000. Commodities Oil prices slipped for a fourth straight day; Gold inched lower. Equities Yesterday, we pretty much saw a reversal of the “sell SA Inc. vs PGMs” theme that dominated last week’s flows.   Date Region Event Actual/Expected/Prior Implications 21/10 UK CPI --/0.6%/0.2% CPI to accelerate to [...]

By | 2020-10-20T08:54:56+02:00 October 20th, 2020|Markets and Research|0 Comments

Daily Market Commentary Flash Note – 19 October 2020

Currencies Rand holds steady around the 16.50 level. Commodities Oil was steady near $41; Gold steady. Equities A revived chance of a US stimulus deal before the November election does see risk assets bid this morning; Chinese GDP missed estimates but the underlying recovery is still intact.   Date Region Event Actual/Expected/Prior Implications 21/10 UK [...]

By | 2020-10-19T09:56:55+02:00 October 19th, 2020|Markets and Research|0 Comments

Daily Market Commentary Flash Note – 16 October 2020

Currencies The rand on the back foot as risk aversion dominates. Commodities Oil headed for a modest weekly; Gold is steady in early Asian trade. Equities A big reversal in SA Inc. following Ramaphosa’s speech and banks bounced 3.2% odd from the day’s lows.   Date Region Event Actual/Expected/Prior Implications 16/10 EZ CPI --/-0.3%/-0.3% Lower [...]

By | 2020-10-16T08:37:33+02:00 October 16th, 2020|Markets and Research|0 Comments

Daily Market Commentary Flash Note – 15 October 2020

Currencies Local focus on the economic recovery plan. Commodities Oil held gains near $41 a barrel; Gold dropped. Equities Delays in the US stimulus package and mixed earnings from US financials have slowed the flows to risk assets as investors bolster up for higher volatility into the upcoming US election.   Date Region Event Actual/Expected/Prior [...]

By | 2020-10-15T09:31:04+02:00 October 15th, 2020|Markets and Research|0 Comments