Daily Market Commentary: 31 January 2018

Today we are taking a look at:

• SAGBs were bid yesterday but quite disjointed as flows remained with the R186
• Equity markets dominating headlines, USDZAR holds steady
• Brent down a further dollar; Gold price marginally lower
• The Viceroy report on Capitec caused panic on the JSE; Global markets headed south;
  The Fed announces their rates decision
• SA budget surplus disappoints; Eurozone sentiment and growth trends are upbeat despite recent
  disappointment