market commentary

Daily Market Commentary Flash Note – 21 August 2020

By | 2020-08-21T09:30:08+02:00 August 21st, 2020|Markets and Research|

Currencies Rand recovers previous session’s losses. Commodities Oil is set for a third weekly gain on nascent signs of a demand recovery. Equities The disconnect between Tech valuations and the real economy extends overnight as the Nasdaq makes new highs while a surprise increase in jobless claims shows the US economy is battling to bounce [...]

Daily Market Commentary Flash Note – 13 August 2020

By | 2020-08-13T08:50:38+02:00 August 13th, 2020|Markets and Research|

Currencies Local FX markets hold steady. Commodities Gold prices higher; Oil held gains. Equities Equity markets edged higher as investors digested company earnings and economic data.   Date Region Event Actual/Expected/Prior Implications 12/08 UK GDP -20.4%/-20.7%/-2.2% GDP contracted 20.4% in Q2. 12/08 EZ Industrial Production 9.1%/10.0%/12.3% Output increased by 9.1%. 12/08 US CPI 1.0%/0.7%/0.6% Due [...]

Daily Market Commentary Flash Note – 12 August 2020

By | 2020-08-12T09:30:14+02:00 August 12th, 2020|Markets and Research|

Currencies Gold loses its shine. Commodities Oil held losses; Spot gold sank 2.1% to $1,872.61 an ounce. Equities US stocks declined in late trading after virus-related rescue talks reached a stalemate in Congress that may last until September.   Date Region Event Actual/Expected/Prior Implications 12/08 UK GDP --/-20.7%/-2.2% Economy expected to have contracted by 20.7% [...]

Daily Market Commentary Flash Note – 5 August 2020

By | 2020-08-05T08:52:19+02:00 August 5th, 2020|Markets and Research|

Currencies Rand recovers after significant sell-off yesterday. Commodities Gold’s scorching rally gathered more force, with prices driven higher into record territory above $2,000 an ounce. Equities Tumbling UST yields send global investors scrambling for growth, seeing the Nasdaq make fresh highs overnight.   Date Region Event Actual/Expected/Prior Implications 05/08 EZ Retail Sales --/0.2%/-5.1% Expected to [...]

Daily Market Commentary Flash Note – 3 August 2020

By | 2020-08-03T09:08:51+02:00 August 3rd, 2020|Markets and Research|

Currencies Demand for dollars drives the rand above 17.0000. Commodities Oil edged lower near $40 a barrel. Equities Expect to see some local bottom fishing in the Banks which ended the day -4%.   Date Region Event Actual/Expected/Prior Implications 03/08 Global Manufacturing PMI -- Data to reveal whether the rebound in business activity has been [...]

Daily Market Commentary Flash Note – 31 July 2020

By | 2020-07-31T09:04:54+02:00 July 31st, 2020|Markets and Research|

Currencies Rand loses ground as the economy falters. Commodities Gold is set for the biggest monthly gain in more than four years. Equities Disappointing earnings reports, poor economic data and a potential delay in the US presidential elections drag markets lower.    Date Region Event Actual/Expected/Prior Implications 31/07 EZ GDP --/-12.1%/-3.6% Expected that the economy [...]