EM

Daily Market Commentary: 10 July 2019

By | 2019-07-10T08:23:45+00:00 July 10th, 2019|Markets and Research|

Today we are taking a look at: ·       SAGB rallies after local auction, with the belly of the curve being bid, longer end yields struggle amid deteriorating fiscal outlook ·       USDZAR holds steady ·       Oil jumped the most in a week as an industry report showing a continued draw-down in U.S. crude inventories tightened a [...]

Daily Market Commentary: 2 July 2019

By | 2019-07-10T09:25:42+00:00 July 2nd, 2019|Markets and Research|

Today we are taking a look at: ·       Risk off overnight as global growth concerns are in the spotlight and US turns its sanctions attention to Europe, SAGBs weaken in line with EM ·       USDZAR holds largely steady ·       Oil edged lower as investors weighed troubling economic data from around the world against OPEC’s extension [...]

Monthly Insights: March 2019

By | 2019-03-11T13:20:38+00:00 March 11th, 2019|Finance, General, Watch This|

  Executive Summary There has been a broad decline in inflation rates across the world, including a sharp downward surprise in our own (SA) inflation print for January. Lower energy prices, a decline in raw material and machinery costs, as well as falling demand-pull inflation have been key reasons for the falling inflation trajectory [...]

Daily Market Commentary: 26 June 2018

By | 2018-06-26T09:43:26+00:00 June 26th, 2018|Markets and Research|

Today we are taking a look at: SAGBs sell-off due to global risk off limited to a few bps across the curve, despite EM rout Rand grinds weaker, tracking the TRY, despite dollar weakness across the majors, some reprieve overnight Gold eases further, while oil continues to trade sideways as the market watches OPEC actions [...]

Daily Market Commentary: 12 June 2018

By | 2018-06-12T09:04:57+00:00 June 12th, 2018|Markets and Research|

Today we are taking a look at: Government bonds traded in a narrow range after a volatile end to last week; While the local market has settled somewhat, international sentiment towards EM remains broadly negative Global optimism prevails WTI held gains near $66 a barrel as a divide between OPEC and allies deepened over whether [...]