Daily Market Commentary: 27 March 2019

Today we are taking a look at:

  • Risk trading poorly raises SAGB yields marginally, markets await SARB and Moody’s event risks later this week
  • USDZAR trades cautiously ahead of event risks
  • Oil held gains near a four-month high after Russia reaffirmed its commitment to production cuts by the OPEC+ coalition
  • SNH announced an accelerated bookbuild on its KAP stake the proceeds of which are to be used to meet its obligations. The stock was placed at a price of 685c which is a c.9.4% discount to the closing price
  • SA leading index declines in Jan, in line with confidence; US consumer confidence slumps, housing starts and building permits disappoint
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By | 2019-03-27T08:02:50+00:00 March 27th, 2019|Markets and Research|0 Comments

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