Daily Market Commentary: 2 July 2019

Today we are taking a look at:

·       Risk off overnight as global growth concerns are in the spotlight and US turns its sanctions attention to Europe, SAGBs weaken in line with EM

·       USDZAR holds largely steady

·       Oil edged lower as investors weighed troubling economic data from around the world against OPEC’s extension of output cuts into 2020

·       Global equity markets rally on the US-China truce

·       Global manufacturing production eases, trade uncertainty weighs on PMI

DailyMarketCommentary190702- 2 July

By | 2019-07-10T09:25:42+02:00 July 2nd, 2019|Markets and Research|0 Comments

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