Monthly Economics Insights June 2020

By | 2020-06-09T09:27:38+02:00 June 9th, 2020|Markets and Research|

Disclaimer –The views and observations in this report represent the analyst’s own and not the Nedbank Group house view. NedbankGroup house view forecasts are available in the appendix. Lockdown measures ease, stimulus begins to flow and risk appetite improves IMF's WORLD ECONOMIC OUTLOOK In its latest update, the IMF’s World Economic Outlook report painted a [...]

Daily Market Commentary Flash Note 2 June 2020

By | 2020-06-22T10:03:59+02:00 June 2nd, 2020|Markets and Research|

Fixed Income SAGB yield curve bear steepens as month-end flows into the back end soften, front end yields marginally lower Currencies SA goes into level 3 of lockdown Commodities Oil steadied after a fifth weekly gain; Gold increased Equities Keep an eye on PRX, which missed accelerated inclusion in the STOXX 50 Economics SAGB yield [...]

Daily Market Commentary: 20 April 2020

By | 2020-06-10T11:44:11+02:00 April 20th, 2020|Markets and Research|

Today we are taking a look at: SAGB yield curve bull steepens as front-end rallies further, markets continue to price in more monetary stimulus from the SARB, back-end yields marginally lower as fiscal risks remains a worry Local focus on SAA Oil fell to its lowest in more than two decades; Gold dropped for a [...]

Daily Market Commentary: 15 April 2020

By | 2020-06-10T11:44:32+02:00 April 15th, 2020|Markets and Research|

Today we are taking a look at: Surprise SARB rate cut result in a bull-steepening of the SAGB yield curve SARB surprises with 1% cut Gold traded near the highest close in more than seven years Locally, we had another day of extreme moves, with the Gold and Plat Index ending up 19%, followed closely [...]

Daily Market Commentary: 27 March 2020

By | 2020-06-10T11:46:42+02:00 March 27th, 2020|Markets and Research|

Today we are taking a look at: SAGB yields continues to ease as market readies for SARB support, SARB has committed to purchasing government bonds in the secondary market which will likely support yields in the near term Rand holds steady ahead of Moody’s review Oil headed for its first weekly gain in five, driven [...]

Daily Market Commentary: 26 March 2020

By | 2020-06-10T11:49:22+02:00 March 26th, 2020|Markets and Research|

Today we are taking a look at: SAGB yields decline sharply after the SARB increases liquidity in the money market and undertakes to purchase bonds in the secondary market SA heads towards lockdown at midnight WTI oil fell after three days of gains Equity markets continued to rise on the back of US stimulus measures [...]