Brent

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: 15 May 2019

By | 2019-05-15T12:48:57+02:00 May 15th, 2019|Markets and Research|

Today we are taking a look at: Major indicators are largely stable in the overnight session so SAGBs open up unchanged after bull steepening yesterday Indications that the SA cabinet may be reduced Oil fell as an industry report signalling a jump in U.S. stockpiles eased immediate concerns over a supply crunch, while a drone [...]

Daily Market Commentary: 4 April 2019

By | 2019-04-04T08:15:06+02:00 April 4th, 2019|Markets and Research|

Today we are taking a look at: SAGB yields track ZAR, fairly muted range in quiet trading day Rand holds steady around the recent lows Oil prices dipped on Thursday, with Brent edging away from the psychologically important $70 level after easing in the previous session on data showing a surprise build in U.S. inventories [...]

Daily Market Commentary: 20 February 2019

By | 2019-02-20T09:07:41+02:00 February 20th, 2019|Markets and Research|

Today we are taking a look at: Curve steepens in most areas ahead of Budget Speech All eyes on the Finance Minister today Gold continue to grind higher due to concerns over Brexit and global trade; Brent plateaus around $66.5/bbl The JSE and European markets end the session lower, with US markets lifted by strong [...]

Daily Market Commentary: 15 February 2019

By | 2019-02-15T09:05:16+02:00 February 15th, 2019|Markets and Research|

Today we are taking a look at: Yields remain elevated, follows ZAR weakness on the back of disappointment over Eskom plans The rand holds steady above 14.0000 Brent crude remains elevated and continues to rise as Saudi and Venezuelan output under pressure The JSE and European markets retraced early gains, following a sharp decline in [...]

Daily Market Commentary: 5 February 2019

By | 2019-02-05T09:30:47+02:00 February 5th, 2019|Markets and Research|

Today we are taking a look at: A slow day for SAGBs after gapping early and holding weaker levels for most of the day Various speakers scheduled to address the Mining Indaba Brent crude prices marginally higher, gold tightly range bound, unchanged over the day The Top40 closed in the red, European markets were mixed [...]