Daily Market Commentary: 17 October 2019

Today we are taking a look at:

  • Load-shedding announcement causes yields to rise across the curve, in line with ZAR weakness
  • Rand on the back foot as Eskom again falters
  • Oil retreated in Asian trading after an industry report showed a sharp increase in U.S. crude stockpiles last week
  • Positive sentiment created by corporate earnings was offset by weaker economic data and Brexit concerns
  • SA retail sales growth disappoints in August; US retail sales contracts in September, Beige Book reflects concern over economic activity
DailyMarketCommentary191017
By | 2019-10-17T11:26:21+02:00 October 17th, 2019|Uncategorized|0 Comments

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