Daily Market Commentary: 14 June 2018

Today we are taking a look at:

  • Markets are still digesting the Fed’s FOMC rate hike decision and the accompanied statement with US and local bond yields marginally lower
  • Focus now shifts to the ECB meeting today
  • Oil held gains above $66 a barrel after American crude inventories slumped the most since March and as investors focused in on the deepening rift among OPEC producers over its production cap
  • Global markets experienced a lacklustre trading session with markets posting modest moves ahead of the Federal Reserve interest rate announcement
  • South African retail sales for April disappointed coming in at 0.5% y/y; This print would be consistent with the low VAT pass-through in the April CPI number
DailyMarketCommentary180614

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By | 2020-06-22T11:49:15+02:00 June 14th, 2018|Markets and Research|0 Comments

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