Daily Market Commentary: 16 May 2018

Today we are taking a look at:

  • Foreign selling persists in the local bond market, yields continue to rise
  • The rebound in the dollar weighs on the rand and EM FX, majors weaker this morning
  • Commodity prices come under pressure as a result of a stronger dollar, oil remains elevated despite a marginal pull-back
  • US markets take a breather from a four-day rally
  • SA unemployment rate remains structurally high; Japanese economy contracts for the first time in two years; US retail sales growth eases; Eurozone growth unchanged in Q1, industrial production upbeat
DailyMarketCommentary180516

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By | 2020-06-22T11:55:03+02:00 May 16th, 2018|Markets and Research|0 Comments

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