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Daily Market Commentary: 16 August 2019

Today we are taking a look at: SAGB moves remain very subdued again given what's occurring in global risk and the ZAR. Locals buy, offshore sells, and we steepen on continuing fiscal pressures despite the flattening in other curves The rand holds steady above 15.0000 Oil edged higher and is set for a weekly gain [...]

By | 2019-08-16T10:27:55+00:00 August 16th, 2019|Markets and Research|0 Comments

Daily Market Commentary: 15 August 2019

Today we are taking a look at: Risk sentiment bounced slightly in Asia this morning as concern over a US recession prompts expectations for QE, SA yield curve marginally steeper yesterday The rand remains on the back foot and vulnerable Oil extended its decline as a second surprise gain in U.S. crude stockpiles added to [...]

By | 2019-08-15T09:07:18+00:00 August 15th, 2019|Markets and Research|0 Comments

Daily Market Commentary: 14 August 2019

Today we are taking a look at: Trade war developments prompts a rally in risk assets, SA curve declines as a result Trade tariff extensions provide relief and hope Oil declined as an industry report showed American crude stockpiles expanded, paring a rally that was fuelled by signs the U.S.-China trade deadlock may be easing [...]

By | 2019-08-14T10:55:05+00:00 August 14th, 2019|Markets and Research|0 Comments

Daily Market Commentary: 13 August 2019

Today we are taking a look at: Risk appetite recovers this morning, with EM FX and SAGBs bid, yields lower this morning The rand recovers from its worst levels Oil prices slipped, offsetting narrow gains in the previous session, as sluggish demand forecasts countered expectations that major producers would prop up oil prices by limiting [...]

By | 2019-08-13T10:28:08+00:00 August 13th, 2019|Markets and Research|0 Comments

Daily Market Commentary: 12 August 2019

Today we are taking a look at: Yields were marginally lower ahead of the SA public holiday, liquidity remained thin The rand firmly on the back foot Oil dropped as U.S. President Donald Trump said planned trade talks with China next month could be called off SA mining and manufacturing industries likely to contribute positively [...]

By | 2019-08-12T10:48:49+00:00 August 12th, 2019|Markets and Research|0 Comments

Daily Market Commentary: 8 August 2019

Talk about an IMF bail-out causes much volatility, SAGB curve remains steep USDZAR stages modest recovery to trade back below 15.0000 Oil rebounded on a report that Saudi Arabia had contacted other oil producers to discuss possible ways to stem the recent decline in prices Global markets traded higher as bargain hunters came into the [...]

By | 2019-08-08T10:07:43+00:00 August 8th, 2019|Markets and Research|0 Comments