Daily Market Commentary: 16 July 2018

Today we are taking a look at:

  • A slow day in SA rates on Friday as SAGBs trade heavy, and show more propensity to weaken with the ZAR than strengthen
  • Positive open for the rand this morning, dollar weakness supports majors
  • Gold price continues to fall; Brent range-bound as markets await further developments regarding OPEC production and US stockpiles
  • Asian markets are trading weaker as traders digest China’s economic data while Japanese markets are closed for a public holiday
  • US consumer confidence declines in June; Chinese data mixed this morning, but growth continues to rise in Q2
DailyMarketCommentary180716

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By | 2020-06-22T11:45:05+02:00 July 16th, 2018|Markets and Research|0 Comments

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