Daily Market Commentary: 23 March 2018

Today we are taking a look at:

  • SAGBs continue to rally on the back of recent announcement of weekly auction size reduction by NT, despite markets remaining cautious due to US tariff hikes materialising
  • Local FX markets continue to trade cautiously ahead of Moody’s review today
  • Gold and oil remains elevated amid concerns over steep US trade tariffs which could start a trade war
  • Naspers weighs heavily on the JSE, while trade war fears put pressure on global markers
  • SA retail sales disappoints in January; BOE remains hawkish, markets price in a rate hike in May; US leading index continues to rise; Japanese inflation higher in February
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By | 2018-03-23T08:38:54+02:00 March 23rd, 2018|Markets and Research|0 Comments

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