Eskom

Daily Market Commentary: 29 October 2019

By | 2019-10-29T08:35:08+02:00 October 29th, 2019|Markets and Research|

Today we are taking a look at: SAGBs have a steepening bias but miss out on the risk rally yesterday; Large event risk starts today with the usual Tuesday auction at 11h00 local with the greenshoe covering both the Eskom White paper announcement later today and the MTBPS tomorrow The rand holds steady around 14.6000 [...]

Daily Market Commentary: 17 October 2019

By | 2019-10-17T11:26:21+02:00 October 17th, 2019|Uncategorized|

Today we are taking a look at: Load-shedding announcement causes yields to rise across the curve, in line with ZAR weakness Rand on the back foot as Eskom again falters Oil retreated in Asian trading after an industry report showed a sharp increase in U.S. crude stockpiles last week Positive sentiment created by corporate earnings [...]

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 [...]