Daily Market Commentary: 23 October 2019

Today we are taking a look at:

  • A strong day for SA as bonds, swaps, CDS and FX all enjoy a decent rally
  • The rand continues to post steady gains
  • Oil resumed its decline on indications U.S. crude inventories expanded for a sixth week, the longest run of gains in almost a year
  • Brexit no-deal fears are at the forefront as global markets see risk off trade across asset classes
  • SARB leading index eases marginally in Aug, signalling subdued economic conditions in 2020
By | 2019-10-23T08:13:58+02:00 October 23rd, 2019|Markets and Research|0 Comments

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