Daily Market Commentary: 13 July 2018

Today we are taking a look at:

  • Despite a stronger rand, rates were disinterested in very lacklustre trade, this morning we open 5bps stronger
  • The rand stages late recovery despite a very strong US dollar, majors downbeat
  • Gold price marginally higher, Brent crude price continues to fall as Russia increases oil output
  • US markets advanced ahead of earnings season with the likes of JP Morgan and Citigroup reporting today
  • SA mining and manufacturing data mixed, but slightly better in May; US inflation rises; Eurozone industrial production boosted by German output
DailyMarketCommentary180713

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By | 2020-06-22T11:45:11+02:00 July 13th, 2018|Markets and Research|0 Comments

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