Daily Market Commentary: 29 May 2019

 

  • Risk off overnight, SAGB yield curve continues to bear steepen after rally last week
  • The rand capitulates in spectacular fashion on MSCI rebalancing
  • Oil fell after two days of gains as an intensification of trade hostilities between the U.S. and China stoked fears of slowing global growth
  • Global risk off will keep foreigners away from our market and with MSCI out of the way, we expect locals to sit on their hands; PPH numbers should give us some more clarity on the state of the SA consumer
DailyMarketCommentary190529

 

By | 2019-05-29T07:46:46+02:00 May 29th, 2019|Investment Banking|0 Comments

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