Today we are taking a look at: Neutral market reaction to dovish SARB, SAGB yields fractionally higher Local focus now shifts to the S&P announcement Oil pared its third weekly advance as investors monitor developments in the trade war The JSE and global markets trade lower as US-China trade concerns continue to weigh on sentiment [...]
Today we are taking a look at: The bid from last night returns this morning, after the Fed minutes provide no real surprises so SA goes back to focussing on the SARB this afternoon Local focus today on outcome of the MPC Oil prices retreated on Thursday on worries of a delay in any U.S.-China [...]
London, 20 November 2019: Africa Finance Corporation (“AFC,” the “Corporation” or the “Borrower”), Shinhan Bank London Branch and South Africa’s Nedbank Limited, London Branch (both the “Bookrunner and Mandated Lead Arrangers” or the “BMLAs”) are pleased to announce the successful closing of AFC’s inaugural US$140,000,000 Kimchi Term Loan Facility (“Facility”). The Facility is AFC’s first [...]
Today we are taking a look at: Risk appetite improves, providing a bull flattener in the SAGB curve Global focus today on the FOMC minutes release Oil held losses near a two-week low on signs of swelling American crude inventories US Senate passes bill aimed at supporting Hong Kong protests
Today we are taking a look at: The ZAR a touch weaker as the market absorbs the Eskom appointment; some space was made yesterday for the bond auction today The rand trades weaker as local factors weigh on it Oil dropped for a second day on indications U.S. crude stockpiles and shale output will continue [...]
Today we are taking a look at: Risk assets continuing to trade well on further trade deal positivity and SA opens up The rand trades resiliently despite local factors Oil held gains near the highest close in eight weeks on signs of progress toward a breakthrough in the trade war It’s all about trade wars [...]