Global Markets

Daily Market Commentary Flash Note – 14 August 2020

By | 2020-08-14T09:59:17+02:00 August 14th, 2020|Markets and Research|

Currencies The rand holds steady sub-17.5000. Commodities Gold headed for the first weekly drop in ten weeks. Equities The JSE and global markets eased lower after stimulus-package talks in the US stalled and a number of companies reported disappointing earnings.   Date Region Event Actual/Expected/Prior Implications 14/08 EZ GDP --/-12.1%/-12.1% Economy expected to contract 12.1% [...]

CIB Fireside Chat: The impact of Covid-19 on the property sector

By | 2020-08-13T06:57:07+02:00 August 13th, 2020|Markets and Research|

Nedbank CIB’s team of analysts is spread across global markets and covers various sectors and asset classes. Recently, we’ve expanded our equity research capacity to align with sectors that are important to the CIB franchise. With a key focus on diversified industrials, telecommunications and media, retail, mining and property, our primary objective is to provide [...]

Daily Market Commentary Flash Note – 29 July 2020

By | 2020-07-29T09:43:03+02:00 July 29th, 2020|Markets and Research|

Currencies USD stumbles as all focus on FOMC meeting. Commodities Oil held a loss to trade near $41 a barrel. Equities Global markets are mixed as investors await earnings from some of the world’s biggest companies as well as any new developments from the FOMC meeting in the US.   Date Region Event Actual/Expected/Prior Implications [...]

Daily Market Commentary Flash Note – 22 July 2020

By | 2020-07-22T10:33:24+02:00 July 22nd, 2020|Markets and Research|

Currencies Risk appetite dominates the currency markets. Commodities Oil dropped; Precious metals extended gains. Equities Global markets take a breather as Trump U-turns on his COVID-19 narrative and the timing of the next US mega stimulus package stumbles in the Senate.   Date Region Event Actual/Expected/Prior Implications 23/07 SA SARB Interest Rate --/3.50%/3.75% Expectations that [...]

Daily Market Commentary Flash Note – 20 July 2020

By | 2020-07-20T09:08:36+02:00 July 20th, 2020|Markets and Research|

Currencies Local focus this week on MPC outcome. Commodities Oil extended losses; Spot gold held a gain above $1,800 an ounce. Equities Global markets are mixed as investors brace for another busy week of global corporate earnings.   Date Region Event Actual/Expected/Prior Implications 23/07 SA SARB Interest Rate --/3.50%/3.75% Expectations that the Reserve Bank will [...]

Daily Market Commentary Flash Note – 16 July 2020

By | 2020-07-16T08:40:04+02:00 July 16th, 2020|Markets and Research|

Currencies The rand continues to post gains. Commodities Oil edged lower; Gold held steady. Equities Vaccine hopes buoyed global equity markets.   Date Region Event Actual/Expected/Prior Implications 15/07 UK CPI 0.6%/0.4%/0.5% Annual CPI increased to 0.6% 15/07 SA CPI 2.1%/2.2%/3.0% CPI dropped to 2.1%, below the central banks target range of 3% - 6%. 15/07 [...]