Daily Market Commentary: 22 March 2018

Today we are taking a look at:

  • NT reduces weekly bond issuance by R1.2 bn, bonds rally sharply
  • Local FX market now turns its focus on the Moody’s review expected tomorrow
  • A weaker dollar provides support for commodities prices, both gold and oil rally overnight
  • The JSE was closed yesterday for the human rights holiday; Globally markets experienced choppy trading ahead of the FOMC monetary policy announcement; The Federal Reserve increased the Fed Funds rate by 25bps in-line with expectations
  • SA CPI sharply lower in February, current account deficit widens; UK inflation lower; Fed raises interest rates as expected
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By | 2018-03-22T09:03:04+02:00 March 22nd, 2018|Markets and Research|0 Comments

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