Daily Market Commentary: 23 October 2019

By | 2019-10-23T08:13:58+02:00 October 23rd, 2019|Markets and Research|

Today we are taking a look at: A strong day for SA as bonds, swaps, CDS and FX all enjoy a decent rally The rand continues to post steady gains Oil resumed its decline on indications U.S. crude inventories expanded for a sixth week, the longest run of gains in almost a year Brexit no-deal [...]

Daily Market Commentary: 16 September 2019

By | 2019-09-16T11:18:06+02:00 September 16th, 2019|Markets and Research|

Today we are taking a look at: Focus this week will be on central bank meetings and a potentially dovish SARB; SAGBs open up weaker on the back of geopolitical tensions Risk sells off as global tensions escalate Oil surged along with the yen and Treasury futures after a strike on the heart of Saudi [...]

Monthly Insights: August 2019

By | 2019-09-13T14:49:29+02:00 August 8th, 2019|Finance, Markets and Research, Watch This|

  Executive Summary The IMF reduced its global growth forecasts yet again in July, with growth of 3.2% expected in 2019, and 3.5% forecast for 2020 (both down 10bps since April). The most significant downward revisions to the growth outlook were seen in the EM space: Russia, Brazil, Mexico, and SA saw a cumulative 290bps [...]

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 [...]

Daily Market Commentary: 19 July 2019

By | 2019-07-19T08:12:27+02:00 July 19th, 2019|Markets and Research|

Today we are taking a look at: ·       SARB cut viewed as cautious by the market, yields decline nonetheless ·       USD on the back foot on Fed’s interest rate outlook ·       Oil snapped four days of losses after an American warship downed an Iranian drone near the Strait of Hormuz, stoking concerns crude flows from [...]