Daily Market Commentary: 10 May 2018

Today we are taking a look at:

  • SA bonds yields remain on the back foot as EM risk-off persists amid concern over Iranian nuclear deal, locals absorb offshore selling
  • Rand stages modest recovery as dollar pressure eases
  • Dollar eases somewhat, supporting gold prices; Oil remains elevated on the back of recent Iranian developments
  • Equity markets traded higher with energy shares taking the lead as the oil price hit $77 a barrel post the U.S. announcing its intention withdraw from the Iran nuclear deal and to curb Iran’s crude sales
  • SA Business confidence index declines in April after rally at the start of the year; Asian data this morning is mixed

If you are looking for more relevant market commentary, have a look at our other Markets and Research.

By | 2020-06-22T11:55:27+02:00 May 10th, 2018|Markets and Research|0 Comments

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