Monthly Insights: July 2019

By | 2019-09-10T12:25:19+02:00 July 22nd, 2019|Finance, General, Watch This|

  Executive Summary The World Bank reduced its growth forecasts in June due to the trade conflict between the US and China – between them, the two countries account for more than a third of global economic activity. Global growth is now forecast at just 2.6% for 2019 from 2.9% previously forecast. The [...]

Key Highlights from the 2019 Budget

By | 2019-02-21T08:48:21+02:00 February 21st, 2019|Markets and Research|

Executive Summary The 2019 Budget builds on the 2018 MTBPS, with one sore caveat: the fiscal trajectory has deteriorated even further as NT chose to provide financial support to Eskom to the value of R23 billion per annum. However the bad news doesn’t end there – growth estimates had to be revised sharply lower yet [...]

Daily Market Commentary: 26 October 2018

By | 2018-10-26T10:27:24+02:00 October 26th, 2018|Markets and Research|

Today we are taking a look at: SAGB yields sharply higher after MTBPS, persistent weakness through the course of the day Rand remains on the back foot Brent remains range-bound, below the $80/bbl. level; Gold remains elevated The JSE, European and US markets end their trading session firmer, but Asian markets opened Friday’s session lower, [...]

Daily Market Commentary: 25 October 2018

By | 2018-10-25T08:42:43+02:00 October 25th, 2018|Markets and Research|

Today we are taking a look at: After torrid MTBPS, SAGB yields sharply higher while rand has sold off The rand firmly on the back foot after the MTBPS Gold continues higher, with the oil price sharply lower A pessimistic outlook on the global economy and weak earnings out of the US weighed on investor [...]

Daily Market Commentary: 24 October 2018

By | 2018-10-24T09:50:53+02:00 October 24th, 2018|Markets and Research|

Today we are taking a look at: SAGB curve continues to flatten after previous day’s back-end flows All eyes on the MTBPS Supply concerns ease, resulting in a sharp decline in the Brent price to $78/bbl.; Gold sharply higher amid safe-haven buying The JSE, and European and US markets closed sharply lower, with disappointing company [...]