Daily Market Commentary Flash Note 18 June 2020

By | 2020-06-22T09:47:00+02:00 June 18th, 2020|Markets and Research|

Currencies The Rand continues to hold steady. Commodities Oil dropped for a second day; Gold steady. Equities Equity markets were buoyed by US retail sales data overnight that shifted focus away from second-wave COVID-19 infections.   Date Region Event Actual/Expected/Prior Implications 17/06 EZ CPI 0.1%/0.1%/0.3% CPI fell to 0.1% from 0.3% previously on an annual [...]

Daily Market Commentary Flash Note 11 June 2020

By | 2020-06-22T10:02:00+02:00 June 11th, 2020|Markets and Research|

Fixed Income SAGB yields marginally lower ahead of Fed last night; dovish Fed supports US treasury yields as it reiterates persistent stimulus measures and near-zero interest rates. Currencies Fed holds steady. Commodities Oil prices fell in early trade on Thursday; spot gold edged lower. Equities Equity markets remained under pressure as more reports on the [...]

Daily Market Commentary Flash Note 9 June 2020

By | 2020-06-22T10:02:35+02:00 June 9th, 2020|Markets and Research|

Fixed Income SAGB yields continue to rise in thin liquidity conditions, steep curve is maintained Currencies The rand holds steady in lacklustre trade Commodities Oil clawed back some of Monday's losses; Gold unchanged Equities Wall Street closed up strongly, and Asia has followed suit this morning   Date Region Event Actual/Expected/Prior Implications 09/06 EZ GDP [...]

Daily Market Commentary: 20 February 2020

By | 2020-06-10T14:07:20+02:00 February 20th, 2020|Markets and Research|

Today we are taking a look at: SAGBs remain resilient despite the sell-off in the ZAR, below-consensus CPI print supports yields across the curve Eskom headlines weigh on the rand Oil extended gains to an eighth day, Precious metals edged lower except for palladium Equity markets initially reacted to the death toll from the coronavirus [...]

Monthly Insights: October 2019

By | 2019-10-07T15:55:35+02:00 October 7th, 2019|Markets and Research, Watch This|

  Executive Summary The ongoing trade war between the US and China continues to be flagged as a key downside risk to global growth, with the IMF revising its global growth forecast to a post-recession low of 3.2% for 2019. The World Bank is more bearish, with a global growth estimate of 2.6% [...]

Daily Market Commentary: 18 September 2019

By | 2020-06-22T10:35:15+02:00 September 18th, 2019|Markets and Research|

Today we are taking a look at: CPI this morning ahead of MPC tomorrow dominates the local landscape, with risk assets trading better and the ZAR stabilising this morning All eyes on the FOMC tonight Oil prices extended their losses from the previous session; Gold prices little changed as investors maintained a cautious stance ahead [...]