MPC

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: 17 March 2020

By | 2020-06-10T11:50:11+02:00 March 17th, 2020|Markets and Research|

Today we are taking a look at: Global risk assets under significant pressure, SAGB yields surge by more than 80bps on the day, massive offshore liquidations Rand under pressure ahead of MPC Gold declined as investors rush to raise cash to cover losses in other markets amid a surge in volatility across assets Equity markets [...]

Daily Market Commentary: 21 November 2019

By | 2020-06-22T10:09:14+02:00 November 21st, 2019|Markets and Research|

Today we are taking a look at: The bid from last night returns this morning, after the Fed minutes provide no real surprises so SA goes back to focussing on the SARB this afternoon Local focus today on outcome of the MPC Oil prices retreated on Thursday on worries of a delay in any U.S.-China [...]

Daily Market Commentary: 18 July 2019

By | 2020-06-22T10:46:01+02:00 July 18th, 2019|Markets and Research|

Today we are taking a look at: ·       Risk-off in global markets, SA markets await SARB interest rate decision ·       All eyes on the MPC ·       Oil fell for a fourth day, set for the longest run of losses in six weeks, as a rise in U.S. fuel stockpiles spurred concern that demand is waning [...]

Daily Market Commentary: 17 July 2019

By | 2020-06-22T10:46:09+02:00 July 17th, 2019|Markets and Research|

Today we are taking a look at: ·       A touch of risk off as trade concerns resurface and ZAR takes a bit of a hit with SAGBs opening a little weaker ·       USDZAR holds steady ahead of the MPC ·       Oil held its biggest loss in two weeks as President Donald Trump’s threat of new [...]

Daily Market Commentary: 24 May 2019

By | 2020-06-22T10:53:18+02:00 May 24th, 2019|Markets and Research|

Today we are taking a look at: SAGB yield curve bull steepens as front end moves lower, prompted by dovish MPC The rand trades on the back foot Oil headed for its biggest weekly drop since December as the rapidly escalating trade war caused investors to reassess the outlook for global growth The JSE and [...]