Daily Market Commentary: 15 June 2018

Today we are taking a look at:

  • After finding initial support from a stronger rand early in the day, most of the gains were given back overnight as a weaker euro dragged the rand weaker; News that power utility Eskom is likely to revert to load shedding aided the slide in yields towards 9%
  • Emerging market currencies on the back foot across the board
  • Oil headed for a second weekly decline as investors tried to gauge whether OPEC and its allies will ease production caps next week
  • European markets react positively to the ECB decision, the Nasdaq closes at a fresh record high and Asian markets are mixed with trade tensions weighing in China

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

By | 2020-06-22T11:49:08+02:00 June 15th, 2018|Markets and Research|0 Comments

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