Daily Market Commentary: 7 May 2018

Today we are taking a look at:

  • Local bond yields continue to rise, but liquidity improves and local participants absorb offshore selling
  • The rand stages a modest recovery post the US data
  • Gold and oil prices recover after the NFP data, gold driven by a weaker dollar this morning and oil by tensions between US and Iran
  • The JSE ends Friday’s session firmer, while strong corporate earnings give a lift to European and US markets; Asian markets are mostly firmer, with the Nikkei underperforming
  • Eurozone retail sales growth eases in March; US labour market data disappoints, but overall trend still shows a very tight labour market
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If you are looking for more relevant market commentary, have a look at our other Markets and Research.

By | 2020-06-22T11:55:47+02:00 May 7th, 2018|Markets and Research|0 Comments

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