Markets and Research

Daily Market Commentary Flash Note – 2 July 2020

By | 2020-07-02T13:16:08+02:00 July 2nd, 2020|Markets and Research|

Currencies The rand stages a minor recovery towards the 17.0000 level. Commodities Gold held a decline after positive coronavirus vaccine developments. Equities All eyes are on the US monthly jobs report.   Date Region Event Actual/Expected/Prior Implications 01/07 SA Manufacturing PMI 53.9/49.8/50.2 June PMI rises to 53.9. 02/07 US Unemployment --/12.4%/13.3% June unemployment rate expected [...]

Daily Market Commentary Flash Note – 1 July 2020

By | 2020-07-01T09:57:33+02:00 July 1st, 2020|Markets and Research|

Currencies Rand trades marginally weaker going into half-year. Commodities Oil rose after its best quarter in almost three decades; Gold edged higher. Equities A strong finish in the US, closing out its best quarter since 1998.   Date Region Event Actual/Expected/Prior Implications 30/06 SA GDP -0.1%/-0.9%/-0.5% Q1 GDP sinks 2% on a quarterly basis. 01/07 [...]

Daily Market Commentary Flash Note – 30 June 2020

By | 2020-06-30T09:35:31+02:00 June 30th, 2020|Markets and Research|

Currencies Local unit holds steady as we head into half-year. Commodities Oil edged lower in Asia after jumping the most in almost two weeks on Monday. Equities Global equity markets rise despite a surge in coronavirus cases over the weekend.   Date Region Event Actual/Expected/Prior Implications 30/06 SA GDP --/-0.8%/-0.5% Expected to contract by 4% [...]

Daily Market Commentary Flash Note – 29 June 2020

By | 2020-06-29T10:33:36+02:00 June 29th, 2020|Markets and Research|

Currencies Rand holds steady as local infection rates increase. Commodities Oil kept falling after just its second weekly drop since April. Equities NPN reports; US markets closed on Friday with jobs numbers due Thursday.   Date Region Event Actual/Expected/Prior Implications 30/06 SA GDP --/-0.8%/-0.5% Expected to contract by 4% on a quarterly basis driven by [...]

Daily Market Commentary Flash Note – 25 June 2020

By | 2020-06-25T10:31:27+02:00 June 25th, 2020|Markets and Research|

Currencies Rand falters after budget adjustment speech. Commodities Oil prices inched up in early trading. Equities Global trade concerns and new COVID-19 cases weighed on investor sentiment. Date Region Event Actual/Expected/Prior Implications 24/06 SA CPI 3.0%/3.0%/4.1% Rate dropped to 3.0% in April from 4.1% in March. 25/06 SA PPI --/1.9%/3.3% Expected to drop to 1.9%. [...]