Daily Market Commentary: 22 February 2018

Today we are taking a look at:

  • Bond markets rally sharply in the aftermath of a very optimistic budget speech
  • Potentially much improved outlook for the rand
  • The gold price continues to ease on the back of a stronger dollar, while the oil price remains relatively elevated
  • The JSE closed higher as a positive budget spurred investor confidence; U.S. markets closed firmly in the red after the release of the FOMC which is spilling over to Asian markets this morning
  • SA Budget shows fiscal consolidation back on track, SA CPI eases with core surprising to the downside
By | 2018-02-22T08:28:40+02:00 February 22nd, 2018|Markets and Research|0 Comments

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