Markets and Research

Monthly Insights: August 2019

By | 2019-08-08T15:15:59+00:00 August 8th, 2019|Finance, Markets and Research, Watch This|

  Executive Summary The IMF reduced its global growth forecasts yet again in July, with growth of 3.2% expected in 2019, and 3.5% forecast for 2020 (both down 10bps since April). The most significant downward revisions to the growth outlook were seen in the EM space: Russia, Brazil, Mexico, and SA saw a cumulative 290bps [...]

Daily Market Commentary: 7 August 2019

By | 2019-08-07T10:06:16+00:00 August 7th, 2019|Markets and Research|

Today we are taking a look at: SAGBs bull steepen yesterday amid better liquidity conditions, yields follow ZAR and swaps stronger The rand remains vulnerable to further weakness Brent crude held losses after falling into bear market as concern the U.S.-China trade war will continue to sap demand outweighed an industry report showing American crude [...]

Daily Market Commentary: 6 August 2019

By | 2019-08-06T09:51:42+00:00 August 6th, 2019|Markets and Research|

Today we are taking a look at: Risk asset recover marginally after yesterday’s sell-off, the super-sized SAGB auction later this morning will test appetite USDZAR recovers from its worst levels Oil reversed a decline as China’s central bank set the yuan fixing stronger than expected, calming investors after the U.S. escalated the trade war by [...]

Daily Market Commentary: 5 August 2019

By | 2019-08-05T10:35:39+00:00 August 5th, 2019|Markets and Research|

Today we are taking a look at: The PBOC weakened the currency so we see a risk off in EMFX across the board and SAGBs open up weaker USD surges relative to emerging markets Oil resumed its decline as demand fears deepened after Trump threatened to slap more tariffs on China. Futures lost 1% after [...]

Daily Market Commentary: 2 August 2019

By | 2019-08-02T09:54:05+00:00 August 2nd, 2019|Markets and Research|

Today we are taking a look at: Bear curve flattening as front-end yields tick higher, markets digest Fed and BOE communication Trump trade war provides the catalyst for USD strength Oil is set for a weekly loss after the steepest one-day drop in more than four years as Trump abruptly escalated the trade war with [...]

Daily Market Commentary: 1 August 2019

By | 2019-08-01T13:23:51+00:00 August 1st, 2019|Markets and Research|

Today we are taking a look at: Bear curve flattener as the market was disappointed by the Fed Fed cuts but statement on outlook disappoints Oil retreated from a two-week high as the Federal Reserve dimmed hopes for more U.S. interest rate cuts, countering a seventh weekly decline in American crude stockpiles Global markets trade [...]