Global Markets

Daily Market Commentary: 2 October 2019

By | 2019-10-03T14:34:59+02:00 October 2nd, 2019|Markets and Research|

  Today we are taking a look at: SAGBs trade well despite risk off in global markets after disappointing PMI data The rand continues on an upward trajectory Oil snapped a six-day losing streak as a surprise drop in U.S. stockpiles and tumbling OPEC output helped to offset more evidence the global economy is weakening [...]

Daily Market Commentary: 27 September 2019

By | 2019-10-07T15:49:17+02:00 September 27th, 2019|Markets and Research|

Today we are taking a look at: Another low turnover day for SA as SAGBs retrace some of the recent losses as the ZAR gets back below 15.00 USDZAR remains on the back foot Oil is heading for the biggest weekly loss since July on indications Saudi Arabia is restoring lost crude production quicker-than-expected Global [...]

Daily Market Commentary: 25 September 2019

By | 2019-09-28T14:20:13+02:00 September 25th, 2019|Markets and Research|

Today we are taking a look at: Risk off overnight, causing SA GB yields to rise, local bond auction to dominate proceedings today The rand holds steady around the 14.9000 level Oil extended losses as industry data indicated U.S. crude inventories expanded, Gold steadied after posting its longest rally in three months Global markets trade [...]

Daily Market Commentary: 16 September 2019

By | 2019-09-16T11:18:06+02:00 September 16th, 2019|Markets and Research|

Today we are taking a look at: Focus this week will be on central bank meetings and a potentially dovish SARB; SAGBs open up weaker on the back of geopolitical tensions Risk sells off as global tensions escalate Oil surged along with the yen and Treasury futures after a strike on the heart of Saudi [...]

Daily Market Commentary: 13 September 2019

By | 2019-09-13T11:13:40+02:00 September 13th, 2019|Markets and Research|

Today we are taking a look at: Bull curve flattener after a dovish ECB yesterday ECB stimulus programme surprises the market, and US-China trade progress revives risk appetite Oil is set for its biggest weekly loss in nearly two months as the IEA warned of a looming supply glut, while OPEC and its allies urged [...]

Daily Market Commentary: 9 September 2019

By | 2019-09-09T10:24:47+02:00 September 9th, 2019|Markets and Research|

Today we are taking a look at: Subdued session on Friday with yields marginally higher in the long-end portion of the curve, but Chinese stimulus could support risk assets today US data disappoints, rand holds steady Oil extended gains after Saudi ousted its long-time energy minister before an OPEC+ that monitors compliance with output cuts [...]