Daily Market Commentary: 17 July 2018

Today we are taking a look at:

  • SAGBs continue to lag the price action in the rand, although yields did rally somewhat through the course of the day
  • Today’s focus on U.S data
  • The gold price continues lower despite dollar weakness; Brent continues to fall as OPEC supplies more crude to Asia amid supply shortages from Venezuela, Libya and sanction in Iran
  • US Corporate earnings and Brent Crude oil prices are likely to drive markets this week
  • US retail sales growth eases in June, reflecting falling confidence levels
DailyMarketCommentary180717

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By | 2020-06-22T11:44:58+02:00 July 17th, 2018|Markets and Research|0 Comments

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