Global equity markets

Daily Market Commentary Flash Note – 30 June 2020

By | 2020-06-30T09:35:31+02:00 June 30th, 2020|Markets and Research|

Currencies Local unit holds steady as we head into half-year. Commodities Oil edged lower in Asia after jumping the most in almost two weeks on Monday. Equities Global equity markets rise despite a surge in coronavirus cases over the weekend.   Date Region Event Actual/Expected/Prior Implications 30/06 SA GDP --/-0.8%/-0.5% Expected to contract by 4% [...]

Daily Market Commentary: 22 May 2020

By | 2020-06-10T11:33:09+02:00 May 22nd, 2020|Markets and Research|

Today we are taking a look at: SAGB yield curve flattens sharply as the SARB MPC was less dovish than market expectations, front end yields rise SARB cuts by 50BPS Oil retreated from the highest level in more than two months US-China tensions ratchet up, seeing risk-off trade across global equity markets into the long [...]

Daily Market Commentary: 8 May 2020

By | 2020-06-10T11:36:02+02:00 May 8th, 2020|Markets and Research|

Today we are taking a look at: Bull flattener persists in the SAGB yield curve as risk appetite improves, with yields sharply lower in the long end, short-end lags the rally Market focus on US data today Oil headed for its first back-to-back weekly gain since February; Gold steady The dislocation between asset prices and [...]

Daily Market Commentary: 23 April 2020

By | 2020-06-10T11:37:16+02:00 April 23rd, 2020|Markets and Research|

Today we are taking a look at: The rand holds steady around the 19.0000 level Gold held the biggest advance in almost two weeks Global equity markets traded higher as some countries talked about easing lockdown measures while others announced stimulus packages SA CPI fell to 4.1% y/y in March, from 4.6% in February, better [...]

Daily Market Commentary: 2 April 2020

By | 2020-06-10T11:45:18+02:00 April 2nd, 2020|Markets and Research|

Today we are taking a look at: The magnitude of moves in SAGB yields eases slightly yesterday, with global risk the main driver – yields still remain elevated and rising The rand capitulates in low-liquidity environment Oil advanced after the US stepped up efforts to broker a price truce; gold slipped Global equity markets started [...]

Daily Market Commentary: 20 March 2020

By | 2020-06-10T11:49:53+02:00 March 20th, 2020|Markets and Research|

Today we are taking a look at: SARB reduces interest rates by 100bps, SAGBs pare losses, but still ends the day on the back foot, in line with global risk assets Markets continue to trade on headlines Oil continued climbing after its biggest ever single-day gain as Trump waded into the price war between Saudi [...]