Daily Market Commentary: 31 May 2019

Today we are taking a look at:

  • SAGB yields marginally higher, curve maintains steepening bias
  • The rand firmly on the back foot again
  • WTI Oil dropped to around $56 a barrel after Trump said the U.S. would impose tariffs on all Mexican goods, opening up a new front in the trade war and further damping the demand outlook
  • The JSE, and European and US markets end firmer, while Asian markets trade lower as trade-war concerns continue to dominate
  • SA budget deficit widens in April, PPI marginally higher; US GDP growth revised lower in Q1; Japanese data disappoints this morning
DailyMarketCommentary190531
By | 2019-05-31T09:21:44+00:00 May 31st, 2019|Markets and Research|0 Comments

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