Currencies Rand holds steady towards the recent lows Commodities Oil steadied following its biggest weekly gain since June. Equities HSBC Holdings plc’s shares fell to the lowest since 1995 as money-laundering accusations flared up again. Date Region Event Actual/Expected/Prior Implications 23/09 EZ Manufacturing PMI --/51.9/51.7 Higher frequency data pointing towards an uptick. 23/09 UK [...]
Currencies The rand reaches the 16.2000 technical objective. Commodities Oil is poised for its biggest weekly advance since early June with Saudi Arabia ratcheting up the pressure on OPEC+ members. Equities Asian markets are mixed after a modest improvement in US jobless claims continued to see rotation out of global tech into value. Nedbank [...]
Currencies Rand loses ground on the Fed’s outlook. Commodities Oil edged below $40 a barrel with a stronger dollar after the biggest surge since June following a surprise drop in US crude stockpiles. Equities S&P futures trading -2% from our close, and DXY trading higher at 93.50. Tencent -1.8%, while commodities all lower: oil -1.5% [...]
Currencies USDZAR trades steadily firmer. Commodities Oil prices rose; Gold steadied as investors await the outcome of the Federal Reserve meeting. Equities Global stocks consolidate into a busy latter half of the week with the FED tonight, SARB and Futures closeout tomorrow and both US Quadruple witching and FTSE rebalance on Friday. Nedbank CIB [...]
Currencies Emerging markets stage a modest recovery. Commodities Oil prices inched lower as a bleaker outlook for global fuel demand prompted fresh selling. Equities Hong Kong stocks rose after China’s economic data showed the recovery gathering pace. Nedbank CIB Market Commentary | CIBMarketComm@Nedbank.co.za | +27 11 537 4091 Source: Nedbank If you [...]
During a recent economic overview webinar, Gary Garrett, Managing Executive of Property Finance: Nedbank Corporate and Investment Banking (CIB), was joined by Anél Bosman, Managing Executive of Nedbank CIB, and Nicky Weimar, Nedbank Group Chief Economist, to gain renewed insights into the immediate liquidity requirements of the clients of Nedbank CIB, and the trends that [...]
