Daily Market Commentary: 20 March 2020

Today we are taking a look at:

  • SARB reduces interest rates by 100bps, SAGBs pare losses, but still ends the day on the back foot, in line with global risk assets
  • Markets continue to trade on headlines
  • Oil continued climbing after its biggest ever single-day gain as Trump waded into the price war between Saudi and Russia
  • Risk on sentiment lead by tech names sees global equity markets higher, how sustainable the move is will be the million dollar question
  • SARB surprises the market with a 100bps reduction to the repo rate to support an economy in the depths of a recessionDailyMarketCommentary200320
By | 2020-03-20T09:28:38+02:00 March 20th, 2020|Markets and Research|0 Comments

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