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 [...]
Currencies Rand holds below 17.0000 Commodities Oil prices lower, reversing gains in the previous session; Gold steadied Equities Equity markets extended gains as optimism about a quick economic recovery strengthened Date Region Event Actual/Expected/Prior Implications 04/06 EZ Retail Sales --/-20.6%/-9.2% Expected to contract by 15% on a monthly basis 04/06 SA Electricity Production --/--/-4.1% [...]
Today we are taking a look at: Offshore search for yield continues and the SAGB yield curve flattens meaningfully Rand has thus far failed to post new gains Oil extended its drop to trade below $32 a barrel Equity markets traded higher as governments look to increase their spending in efforts to boost their economies [...]
Today we are taking a look at: All eyes on the SARB’S MPC meet today Gold edged lower; oil edged higher after data showed U.S. crude inventories fell again Equity markets held on to gains, despite scepticism about a potential vaccine weighing on sentiment SA retail sales growth accelerated to 2% y/y in February [...]
Today we are taking a look at: The rand holds steady around 18.3500 Oil prices rose on Tuesday, extending gains for a fourth straight session; Gold inched up Equity markets rally as investor sentiment improves If you are looking for more relevant market commentary, have a look at our other Markets and Research.
Today we are taking a look at: Local markets on the back foot Oil was anchored near $25 a barrel Equity markets were under pressure on concerns that opening the global economy prematurely may lead to a second wave of infections, while trade tensions between the US and China were re-ignited If you are [...]