Daily Market Commentary – 1 July

Today we are taking a look at:

·       Month-end flows cause significant flattening of the SAGB yield curve, long-end yields lower

·       Markets trade positively on good news from the G20

·       Oil jumped to a five-week high after Saudi and Russia signalled their support for an extension of OPEC+ output cuts and a U.S.-China agreement to restart trade talks improved the demand outlook

·       Our local bourse remained range bound as investors squared off before quarter end and the G20 meeting between the US and China

·       SA trade and budget balances post positive surprise in May; US PCE eases, Eurozone inflation remains unchanged

DailyMarketCommentary190701

 

By | 2019-07-01T08:58:59+00:00 July 1st, 2019|Markets and Research|0 Comments

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