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 [...]

Daily Market Commentary: 18 July 2019

By | 2019-07-18T08:53:52+02:00 July 18th, 2019|Markets and Research|

Today we are taking a look at: ·       Risk-off in global markets, SA markets await SARB interest rate decision ·       All eyes on the MPC ·       Oil fell for a fourth day, set for the longest run of losses in six weeks, as a rise in U.S. fuel stockpiles spurred concern that demand is waning [...]

Daily Market Commentary: 17 July 2019

By | 2019-07-17T08:24:01+02:00 July 17th, 2019|Uncategorized|

Today we are taking a look at: ·       A touch of risk off as trade concerns resurface and ZAR takes a bit of a hit with SAGBs opening a little weaker ·       USDZAR holds steady ahead of the MPC ·       Oil held its biggest loss in two weeks as President Donald Trump’s threat of new [...]

Daily Market Commentary: 16 July 2019

By | 2019-07-16T08:07:43+02:00 July 16th, 2019|Markets and Research|

Today we are taking a look at: ·       SAGBs bull steepened as the R2030 rallied, thin liquidity as markets await SARB this week ·       Focus today on the US data releases ·       Oil held losses below $60 a barrel after the biggest decline in almost two weeks as a tropical storm that shut almost three-quarters [...]