Daily Market Commentary: 22 March 2019

Today we are taking a look at:

  • SAGBs rally sharply as the Fed pauses interest rate hikes, investors search for yield pick-up
  • Local focus now shifts to Moody’s
  • Oil hovered near a four-month high as a rising dollar capped crude’s rally; Gold is poised for a third straight weekly gain as investors assessed the Fed’s policy shift to a prolonged pause in monetary policy tightening
  • US markets close higher, buoyed by tech stocks and the Fed’s policy statement, which was more dovish than expected. Asian markets are trading mostly lower, with Tencent losing more than 1% following disappointing fourth-quarter results
  • SA CPI rises in February, Retail sales growth disappoints despite rising in January; US Fed increasingly dovish, BOE remains cautious ahead of Brexit finalisation
By | 2019-03-22T10:03:12+02:00 March 22nd, 2019|Markets and Research|0 Comments

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