Daily Market Commentary: 1 August 2019

Today we are taking a look at:

  • Bear curve flattener as the market was disappointed by the Fed
  • Fed cuts but statement on outlook disappoints
  • Oil retreated from a two-week high as the Federal Reserve dimmed hopes for more U.S. interest rate cuts, countering a seventh weekly decline in American crude stockpiles
  • Global markets trade lower after Fed Chairman Jerome Powell dampened hopes for further US rate cuts
  • SA trade balance posts a wider surplus as imports slump; Eurozone GDP growth eases in Q2, CPI declines; US payrolls report upbeat, Fed interest rate decision
DailyMarketCommentary190801
By | 2019-08-01T13:23:51+02:00 August 1st, 2019|Markets and Research|0 Comments

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