Daily Market Commentary: 17 January 2020

Today we are taking a look at:

  • Bond yields rally sharply across the curve, driven by the front-end, after the SARB repo rate cut
  • SARB cut in interest rate leaves rand trading weaker
  • Oil held its biggest gain in almost two weeks on optimism a more conciliatory approach on trade from the U.S.
  • The JSE and global markets trade firmer on optimism surrounding the signing of the long-awaited US-China trade deal
  • SA mining output slumps in November; SARB cuts the repo rate as inflation estimates are lowered; US retail sales growth rises in December; Chinese data this morning surprises to the upsideDailyMarketCommentary200117
By | 2020-03-16T12:46:22+02:00 January 17th, 2020|Investment Banking, Markets and Research|0 Comments

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