Daily Market Commentary: 28 June 2018

Today we are taking a look at:

  • SAGB yields rise after temporary reprieve, global risk-off continues, weighing on EM assets
  • USDZAR sharply weaker on the day, dollar strengthens as risk-off persists around trade tensions, majors weaker
  • Gold price remains range-bound after recent decline; Brent price rises sharply as US asks allies to stop importing Iranian crude by November 2018
  • Global markets staged a recovery rally but U.S. stocks retreated after comments from the Director of the National Economic Council reiterated the firm stance on trade tariffs
  • US durable goods orders deteriorate in May; Japanese retail sales remain subdued
DailyMarketCommentary180628

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By | 2020-06-22T11:48:10+02:00 June 28th, 2018|Markets and Research|0 Comments

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