Daily Market Commentary: 12 March 2020

Today we are taking a look at:

  • Virus control measures continue to take a toll on markets and risk trades poorly post-the US close on European travel restrictions, SAGBs follow USDZAR weaker
  • The rand retreats again
  • Oil prices fell again on Thursday after the U.S. banned travel from Europe while Gold prices increased
  • Equity markets shrugged off the latest attempts by central banks to curb the economic fallout from COVID-19 as WHO officially declares the outbreak a pandemic
  • US CPI rose 2.3% annually; The SA BER business confidence index (BCI) fell to 18 index points in 1Q20DailyMarketCommentary200312
By | 2020-03-12T09:18:40+02:00 March 12th, 2020|Markets and Research|0 Comments

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