Daily Market Commentary: 5 June 2019

By | 2019-06-05T12:34:33+02:00 June 5th, 2019|Markets and Research|

Today we are taking a look at: Curve starts to price a SARB cut after disappointing GDP print, steepening driven by front-end yields Local GDP ends the rands strong showing Oil price remain on down-trend, while gold is elevated on safe haven demand SA GDP print of -3.2% saw SA Inc under pressure from local [...]

Daily Market Commentary: 2 May 2019

By | 2019-05-02T09:12:17+02:00 May 2nd, 2019|Markets and Research|

Today we are taking a look at: SAGB curve steepens in the back-end as a result of greater supply, thin liquidity Rand trades weaker after neutral FOMC Oil extended losses after a bigger-than-expected jump in U.S. stockpiles overshadowed a deepening crisis in Venezuela and the prospect of OPEC and its allies extending their production cuts [...]

Daily Market Commentary: 29 April 2019

By | 2019-04-29T08:50:10+02:00 April 29th, 2019|Markets and Research|

Today we are taking a look at: NT concludes successful switch auction, with yields marginally lower afterwards USDZAR holds steady Oil extended its slide after U.S. President Donald Trump renewed his push for lower prices and Russia said it would restore normal oil flows to Eastern Europe within two weeks Global markets trade mostly firmer, [...]

Monthly Insights: March 2019

By | 2019-03-11T13:20:38+02:00 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 [...]

Key Highlights from the 2019 Budget

By | 2019-02-21T08:48:21+02:00 February 21st, 2019|Markets and Research|

Executive Summary The 2019 Budget builds on the 2018 MTBPS, with one sore caveat: the fiscal trajectory has deteriorated even further as NT chose to provide financial support to Eskom to the value of R23 billion per annum. However the bad news doesn’t end there – growth estimates had to be revised sharply lower yet [...]

Daily Market Commentary: 15 February 2019

By | 2019-02-15T09:05:16+02:00 February 15th, 2019|Markets and Research|

Today we are taking a look at: Yields remain elevated, follows ZAR weakness on the back of disappointment over Eskom plans The rand holds steady above 14.0000 Brent crude remains elevated and continues to rise as Saudi and Venezuelan output under pressure The JSE and European markets retraced early gains, following a sharp decline in [...]