Daily Market Commentary: 6 January 2020

Today we are taking a look at:

  • Geopolitical tensions put EM risk assets on the back foot, with a weaker ZAR and higher bond yields since Friday
  • USDZAR weaken by more than 30-cents as US-Iranian tensions escalate towards the tail-end of the week, EM FX remains fragile, USDZAR the worst performer in the past week
  • US/Iranian tensions have escalated over the weekend and talk of retaliation from both sides sees oil above the $70 level, gold trading as a safe haven amid tensions
  • Weaker Rand should continue to put pressure on SA Inc names, SA to perhaps benefit from some rotation within the EM spaceDailyMarketCommentary200106

If you are looking for more relevant market commentary, have a look at our other Markets and Research.

By | 2020-06-10T14:20:32+02:00 January 6th, 2020|Markets and Research|0 Comments

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