Markets and Research

Daily Market Commentary: 22 August 2019

By | 2019-08-22T09:46:39+02:00 August 22nd, 2019|Markets and Research|

Today we are taking a look at: SAGB yields sharply lower yesterday as SA CPI surprises to the downside The rand holds steady Oil prices edged higher after a draw down in U.S. crude inventories, but lingering concerns over the global economy and a build-up in U.S. refined product stocks kept a lid on gains [...]

Daily Market Commentary: 21 August 2019

By | 2019-08-21T10:34:05+02:00 August 21st, 2019|Markets and Research|

Today we are taking a look at: SAGBs tread water all day but close reasonably strongly with risk Market focus shifts to the FOMC tonight Brent rose above $60 a barrel amid data that showed a larger-than-expected draw down in U.S. crude inventories, but ongoing worries about a global economic recession capped gains SA leading [...]

Daily Market Commentary: 20 August 2019

By | 2019-08-20T10:54:53+02:00 August 20th, 2019|Markets and Research|

Today we are taking a look at: Risk assets trade better this morning on the back of signs of progress on trade negotiations, but the SA yield curve continues to reflect local fiscal risks with the curve steepening and yields higher across the long-end No sign of reprieve for the rand Oil held firm amid [...]

Daily Market Commentary: 19 August 2019

By | 2019-08-19T10:28:08+02:00 August 19th, 2019|Markets and Research|

Today we are taking a look at: Yield curve remains steep on fiscal risks despite marginal decline on Friday, risk assets trade better this morning The rand holds steady Crude oil prices rose following a weekend attack on a Saudi oil facility by Yemeni separatists and as traders looked for any signs that Sino-U.S. trade [...]

Daily Market Commentary: 16 August 2019

By | 2019-08-16T10:27:55+02:00 August 16th, 2019|Markets and Research|

Today we are taking a look at: SAGB moves remain very subdued again given what's occurring in global risk and the ZAR. Locals buy, offshore sells, and we steepen on continuing fiscal pressures despite the flattening in other curves The rand holds steady above 15.0000 Oil edged higher and is set for a weekly gain [...]

Daily Market Commentary: 15 August 2019

By | 2019-08-15T09:07:18+02:00 August 15th, 2019|Markets and Research|

Today we are taking a look at: Risk sentiment bounced slightly in Asia this morning as concern over a US recession prompts expectations for QE, SA yield curve marginally steeper yesterday The rand remains on the back foot and vulnerable Oil extended its decline as a second surprise gain in U.S. crude stockpiles added to [...]