Daily Market Commentary: 6 March 2020

By | 2020-06-10T14:04:20+02:00 March 6th, 2020|Markets and Research|

Today we are taking a look at: Risk off persists on the back of concerns of the impact of the coronavirus on global growth, SAGB yields sharply higher across the curve as a result Covid-19 puts the rand on the back foot Oil extended its slide from the lowest close in more than two years; [...]

Daily Market Commentary: 7 February 2020

By | 2020-06-10T14:09:26+02:00 February 7th, 2020|Markets and Research|

Today we are taking a look at: Risk continues to rally and this feeds through into SA but SAGBs pare back earlier gains as a result of local SOE woes All eyes on the U.S data today Oil pared its fifth straight weekly loss on optimism that OPEC+ will deepen output We expect profit taking [...]

Monthly Insights: October 2019

By | 2019-10-07T15:55:35+02:00 October 7th, 2019|Markets and Research, Watch This|

  Executive Summary The ongoing trade war between the US and China continues to be flagged as a key downside risk to global growth, with the IMF revising its global growth forecast to a post-recession low of 3.2% for 2019. The World Bank is more bearish, with a global growth estimate of 2.6% [...]

Daily Market Commentary: 11 April 2019

By | 2020-06-22T10:58:22+02:00 April 11th, 2019|Markets and Research|

Today we are taking a look at: Continued EM risk-on fuels demand for SAGBs with yields falling and further curve flattening into the 30y point USDZAR breaks below R14.00/USD due to dovish global central banks Oil struggled to extend gains beyond a five-month high as an increase in U.S. crude inventories to the highest since [...]

Daily Market Commentary: 11 October 2018

By | 2020-06-22T11:25:20+02:00 October 11th, 2018|Markets and Research|

Today we are taking a look at: National Treasury announces another switch auction, mixed reaction, SAGBs bear steepening VBS joins the list of failed local institutions Oil headed for the biggest two-day drop since July as a rout in stocks spread to commodity markets Weakness in global equity markets continued on concerns that higher US [...]