Rand

Daily Market Commentary Flash Note 19 June 2020

By | 2020-06-22T11:39:02+02:00 June 19th, 2020|Markets and Research|

Currencies The rand succumbs to both local and global factors. Commodities Oil was poised to resume a run of weekly gains on signs consumption is picking up. Equities Global markets trade slightly better ahead of the quadruple witching in the US market; roughly USD55-60bn is expected to be rebalanced. Date Region Event Actual/Expected/Prior Implications 18/06 [...]

Daily Market Commentary Flash Note 17 June 2020

By | 2020-06-22T10:01:42+02:00 June 17th, 2020|Markets and Research|

Currencies Rand falters as second wave of coronavirus strikes. Commodities Oil snapped a two-day gain; Gold steady. Equities Global Investors are struggling to focus their attention on any single major theme being a 2nd wave of shutdowns, massive amounts of stimulus, zero visibility of earnings or renewed geopolitical tension with US/India and China.   Date [...]

Daily Market Commentary Flash Note 4 June 2020

By | 2020-06-22T10:03:45+02:00 June 4th, 2020|Markets and Research|

Currencies Rand holds below 17.0000 Commodities Oil prices lower, reversing gains in the previous session; Gold steadied Equities Equity markets extended gains as optimism about a quick economic recovery strengthened   Date Region Event Actual/Expected/Prior Implications 04/06 EZ Retail Sales --/-20.6%/-9.2% Expected to contract by 15% on a monthly basis 04/06 SA Electricity Production  --/--/-4.1% [...]

Daily Market Commentary: 29 May 2020

By | 2020-06-04T14:34:24+02:00 May 29th, 2020|Markets and Research|

Today we are taking a look at: Rand again fails to consolidate gains Oil trimmed its biggest monthly advance on record Expect a busy day in SA equities on the MSCI rebalance; elsewhere, all eyes will be on Trump’s address on China If you are looking for more relevant market commentary, have a [...]

Daily Market Commentary: 7 May 2020

By | 2020-06-10T11:36:10+02:00 May 7th, 2020|Markets and Research|

Today we are taking a look at: Bond market closes with a flattening bias as long end yields rally marginally, 10y yield continues to inch closer to fair value; market opens up as risk traded better overnight, with SAGB yields lower across most of the curve Finance minister’s tweets give the rand the jitters Oil [...]

Daily Market Commentary: 17 April 2020

By | 2020-06-10T11:44:20+02:00 April 17th, 2020|Markets and Research|

Today we are taking a look at: The rand holds relatively steady Oil was set for a second weekly loss after a wave of gloomy demand forecasts; Gold steady Global equities rally despite the weaker Chinese macro data as Trump’s team map out a reopening of US economy If you are looking for more [...]