Eskom

Monthly Insights: August 2019

By | 2019-09-13T14:49:29+02:00 August 8th, 2019|Finance, Markets and Research, Watch This|

  Executive Summary The IMF reduced its global growth forecasts yet again in July, with growth of 3.2% expected in 2019, and 3.5% forecast for 2020 (both down 10bps since April). The most significant downward revisions to the growth outlook were seen in the EM space: Russia, Brazil, Mexico, and SA saw a cumulative 290bps [...]

Daily Market Commentary: 31 July 2019

By | 2019-07-31T08:09:33+02:00 July 31st, 2019|Markets and Research|

Today we are taking a look at: ·       SAGB curve maintains steepening bias as fiscal woes fester after the Eskom results announcement ·       All eyes on the outcome of the FOMC tonight ·       Oil extended its longest rally in three weeks as lingering Iran tensions stoke concerns over the stability of Middle East energy flows, [...]

Daily Market Commentary: 29 July 2019

By | 2019-07-29T08:18:47+02:00 July 29th, 2019|Markets and Research|

Today we are taking a look at: ·       SAGB curve steepens on fiscal woes and credit rating downgrade concerns after Eskom bail-out ·       The rand loses ground on local factors ·       WTI traded near $56 a barrel as the U.K. deployed a warship to the Strait of Hormuz to help escort commercial ships. Futures eased [...]

Daily Market Commentary – 12 June

By | 2019-06-13T09:26:52+02:00 June 12th, 2019|Markets and Research|

Today we are taking a look at: SAGBs takes its cue from a stronger ZAR, long-end yields decline modestly as market ignores Eskom woes USDZAR trades steadily firmer C slumped below $53 a barrel after inventories rose from the highest level in almost two years and as the U.S. and China remained at loggerheads over [...]

Daily Market Commentary: 20 March 2019

By | 2019-03-20T08:57:41+02:00 March 20th, 2019|Markets and Research|

Today we are taking a look at: ‘Risk-off’ as market remains concerned over Brexit and awaits Fed, SAGB yields higher Market focus now on the FOMC, USDZAR continues to lose ground as a result of local Eskom woes Oil’s rally stuttered after China is said to be pushing back against American demands in trade negotiations, [...]