Daily Market Commentary: 29 October 2019

Today we are taking a look at:

  • SAGBs have a steepening bias but miss out on the risk rally yesterday; Large event risk starts today with the usual Tuesday auction at 11h00 local with the greenshoe covering both the Eskom White paper announcement later today and the MTBPS tomorrow
  • The rand holds steady around 14.6000
  • Oil prices remained under pressure in Asian trading; Gold tread water, after a sharp fall in the previous session, as markets awaited the U.S. Federal Reserve’s rate decision
  • Positive earnings results and M&A activity lift global marketsDailyMarketCommentary191029
By | 2019-10-29T08:35:08+02:00 October 29th, 2019|Markets and Research|0 Comments

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