Daily Market Commentary – 12 June

Today we are taking a look at:

  • SAGBs takes its cue from a stronger ZAR, long-end yields decline modestly as market ignores Eskom woes
  • USDZAR trades steadily firmer
  • C slumped below $53 a barrel after inventories rose from the highest level in almost two years and as the U.S. and China remained at loggerheads over trade
  • Foreign flow in SA remains concentrated in Naspers, whilst locals look to switch within sectors on a relative basis; Market is starting to feel tired, but all eyes remain on global trade wars
  • SA manufacturing output rises in April as manufacturers start to rebuild depleted inventories; Chinese inflation rises due to food costs
By | 2019-06-13T09:26:52+02:00 June 12th, 2019|Markets and Research|0 Comments

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