Daily Market Commentary: 23 May 2018

Today we are taking a look at:

  • Sudden change in sentiment causes global risk-on – SA bonds supported, yields sharply lower yesterday, open weaker today in like with EM FX
  • Global majors remain weak, USDZAR stages a mild recovery but market remains cautious ahead of SA CPI release and SARB MPC
  • Gold remains range-bound, Brent rises to $80/bbl. again
  • The Top40 rallied +0.5% while global markets closed mixed swayed by various headline comments
  • SA leading index eases in March – we watch whether this develops into a trend
DailyMarketCommentary180523

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By | 2020-06-22T11:52:57+02:00 May 23rd, 2018|Markets and Research|0 Comments

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