Daily Market Commentary: 1 March 2018

Today we are taking a look at:

• Rebalancing flows were small but characterised by offshore inflows and local outflows as SAGBs recover some of their losses of the previous 2 sessions
• The recent euphoria around local politics dissipating
• Brent crude oil price lower as a result of a rise in US stockpiles, gold price declines
• Global markets traded lower as investors digested the comments from the new Federal Reserve Governor on the strength of the U.S. economy
• SA budget and trade deficits sharply higher compared to expectations; Eurozone CPI eased in February