Daily Market Commentary: 29 March 2019

Today we are taking a look at:

  • Bull steepening with bonds outperforming swaps after what is being seen as a dovish MPC
  • All eyes on Moody’s
  • Oil headed for its best quarter in almost 10 years as the OPEC+ coalition’s production cuts and the loss of barrels due to U.S. sanctions on Iran and Venezuela outweighed a wobbly demand outlook
  • Asian markets are set to have a positive quarter with the MSCI Asia Pacific Index up c.8.6% for the quarter regaining the bulk of the fourth quarter sell-off this as the rally in US Treasuries subsided
  • SA PPI rises in February, SARB MPC remains dovish; US GDP growth revised lower; Japanese data this morning
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By | 2019-03-29T07:33:16+00:00 March 29th, 2019|Markets and Research|0 Comments

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