Daily Market Commentary: 21 June 2018

Today we are taking a look at:

  • After the May CPI print surprised on the downside yesterday, local bond yields found decent support after a few days of selling pressure. The rand and bonds awaits the 1Q18 current account data due for release at 10am today
  • Local focus today on current account data
  • Oil edged lower as OPEC moved closer an agreement that would ease supply curbs after Iran edged away from a threat to veto any deal that boosts output.
  • Investors take a wait and see a approach to the ongoing trade war of words between the US and China
  • South Africa’s headline CPI in May surprised on the downside, coming in at 4.4% y/y, down from 4.5% in April. In particular food inflation continued to decelerate
DailyMarketCommentary180621

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By | 2020-06-22T11:48:42+02:00 June 21st, 2018|Markets and Research|0 Comments

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