Daily Market Commentary: 2 November 2018

Today we are taking a look at:

  • SAGB yield curve better bid with some activity from local investors
  • Rand firms up, all eyes on US Data
  • Gold rallies as dollar weakens, Brent continues to decline as supply fears abate
  • Asian markets are strong this morning as concerns about the trade war abated and Chinese stimulus.
  • The Nikkei was up 2.49% while the Hang Seng gained 3.40% with the likes of Tencent climbing 7.70%
  • The Australian ASX is up 0.14% with the likes of BHP up 1.18%.
  • Global PMIs soften further in October; SA PMI declines for third consecutive month in October; BOE leaves interest rates unchanged
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By | 2018-11-02T11:01:16+02:00 November 2nd, 2018|Markets and Research|0 Comments

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