Daily Market Commentary: 2 December 2019

Today we are taking a look at:

  • ZAR rallies after positive Asian economic data, however SAGBs remain sticky, opening unchanged this morning
  • The rand holds steady in the mid-14.60s
  • Oil rebounded from the biggest weekly loss since October; Gold declined as stocks in Asia rose after data on China’s economy pointed to an improvement, curbing demand for havens
  • Solid Chinese macro bodes well for EM in general in a quiet earnings week for SA. We expect volumes to start dropping off as schools start their summer holidays
  • SA trade posts small surplus, but budget deficit continues to disappointDailyMarketCommentary191202
By | 2019-12-02T09:26:17+02:00 December 2nd, 2019|Markets and Research|0 Comments

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