Top 40

Strategy Note: We expect the dollar bull to correct, EM equities to find support but the stronger rand will leave the JSE vulnerable

By | 2018-05-22T10:46:22+02:00 May 22nd, 2018|Markets and Research|

·        Chart 1: EM flows ·        Chart 2: MSCI EM, testing major support ·        Chart 3: JSE Top-40 ($), close to major support ·        Chart 4: JSE SWIX and relative to SA ALBI, spot and relative topping out ·        Chart 5: JSE Indi-25, the rally since April is losing momentum ·        Chart 6: JSE Resi-10, testing important resistance lines ·        Chart 7: [...]

Daily Market Commentary: 28 March 2018

By | 2018-03-28T08:49:00+02:00 March 28th, 2018|Markets and Research|

Today we are taking a look at: Bond yields continue to rally yesterday, markets await SARB MPC decision today Today’s focus on MPC Gold prices ease marginally as the dollar rallies; Brent remains elevated above $70/bbl A -800 point reversal closes the Top 40 in the red, European markets reversed the previous day’s losses and [...]

Daily Market Commentary: 4 October 2017

By | 2017-10-04T09:26:00+02:00 October 4th, 2017|Markets and Research|

Today we are taking a look at: Foreign investors sell-off SAGBs yesterday USDZAR and EM FX remain on a weak trend; dollar eases marginally, but bias is still for dollar strength The gold price remains low as a strong dollar limits bargain buying; Oil price comes under pressure due to evidence of rising global supplies [...]

Daily Market Commentary: 30 June 2017

By | 2017-06-30T09:46:07+02:00 June 30th, 2017|Markets and Research|

Today we are taking a look at: SAGBs opened stronger in line with a firmer currency and global risk backdrop, however gains were short-lived, foreign activity subdued USDZAR continues to weaken steadily Gold eases marginally intraday, Brent continues to rally for the 6th consecutive day, longest run of advances since April Top 40 slumps 0.64% [...]

Daily Market Commentary: 23 June 2017

By | 2017-06-23T08:49:15+02:00 June 23rd, 2017|Markets and Research|

Today we are taking a look at: Foreign investors purchase R87 million worth of SAGBs yesterday, both foreign and local interest was upbeat USDZAR falls back below R13.00/$, weaker dollar supports majors, yen bucks the trend as PMI disappoints Brent maintained the weak trend yesterday, the dollar remained upbeat, while gold eased slightly Top 40 [...]

Daily Market Commentary: 9 June 2017

By | 2017-06-09T07:56:53+02:00 June 9th, 2017|Markets and Research|

Today we are taking a look at: Both SA mining and manufacturing production disappoints in May, weighed by coal, petroleum and vehicle production Financial markets await the outcome of the Moodys review tonight, USDZAR marginally weaker, majors softer due to rebound in the dollar Top 40 closes lower, global markets keeping an eye on the [...]