Daily Market Commentary: 21 November 2019

Today we are taking a look at:

  • The bid from last night returns this morning, after the Fed minutes provide no real surprises so SA goes back to focussing on the SARB this afternoon
  • Local focus today on outcome of the MPC
  • Oil prices retreated on Thursday on worries of a delay in any U.S.-China trade deal, after posting steep gains in the previous session on bullish U.S. crude inventory data
  • Global trade concerns weighed on equity markets, with a trade deal this year looking highly unlikely
  • SA CPI sharply lower as a result of goods prices; US FOMC minutes show concern over global risks, but on hold for nowDailyMarketCommentary191121
By | 2019-11-21T12:02:43+02:00 November 21st, 2019|Markets and Research|0 Comments

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