Daily Market Commentary: 2 October 2019

 

Today we are taking a look at:

  • SAGBs trade well despite risk off in global markets after disappointing PMI data
  • The rand continues on an upward trajectory
  • Oil snapped a six-day losing streak as a surprise drop in U.S. stockpiles and tumbling OPEC output helped to offset more evidence the global economy is weakening
  • Global markets sell off on a weaker than expected manufacturing print out of the US as well as ongoing geopolitical turmoil
  • SA PMI slump follows confidence decline
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By | 2019-10-03T14:34:59+02:00 October 2nd, 2019|Markets and Research|0 Comments

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