Daily Market Commentary: 16 January 2020

Today we are taking a look at:

  • ZAR trades well into our close, dragging the rest of EM with it. SAGBs however, very lacklustre with all the action in FRA’s heading into the SARB MPC decision tomorrow
  • Currency markets cautious over “phase-one” Sino-US trade agreement. SARB meeting today
  • Oil rebounded after the U.S. and China inked the first phase of their trade deal; Gold and other precious metals were steady
  • Equity markets experienced choppy trading ahead of the signing of the “phase-one” trade deal between the US and China.
  • SA retail sales surprises to the upside due to Black Friday sales; Eurozone industrial production continues to contract; US Fed Beige BookDailyMarketCommentary200116
By | 2020-01-16T08:58:45+02:00 January 16th, 2020|Uncategorized|0 Comments

Leave A Comment