Daily Market Commentary: 2 August 2019

Today we are taking a look at:

  • Bear curve flattening as front-end yields tick higher, markets digest Fed and BOE communication
  • Trump trade war provides the catalyst for USD strength
  • Oil is set for a weekly loss after the steepest one-day drop in more than four years as Trump abruptly escalated the trade war with China
  • Equity markets experienced choppy trading as investors digested the Federal Reserve’s forward guidance on future rate cuts
  • SA manufacturing PMI rises temporarily; global PMIs softer; BOE remains cautious amid uncertain Brexit implications DailyMarketCommentary2.08
By | 2019-08-02T09:54:05+02:00 August 2nd, 2019|Markets and Research|0 Comments

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