Daily Market Commentary: 13 January 2020

Today we are taking a look at:

  • Risk trades well in Asia to start the week, but the ZAR weakens as a result of negative Eskom headlines, SAGBs trade weaker in line with FX
  • Stronger USD on an imminent China-US trade deal
  • Oil was steady after the biggest weekly drop since July as an easing of geopolitical tension in the Middle East turned attention back to a flood of new supply
  • Locally, retailers kick off reporting this week with TFG up first; Turnover should start normalising with the holiday period over
  • US labour market indicators weaken in December, but unemployment rate remains unchangedDailyMarketCommentary200113
By | 2020-02-17T14:30:06+02:00 January 13th, 2020|Markets and Research|0 Comments

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