Daily Market Commentary: 19 July 2018

Today we are taking a look at:

  • SAGBs remain bid, but slightly more volatile intraday
  • USDZAR strengthens overnight, local focus will be on the MPC this afternoon
  • Gold price remains low after recent slump; Brent crude marginally higher as markets assess rising OPEC production and US stockpiles
  • Global markets ended higher as sentiment improved on the back of corporate earnings and comments from the Federal Reserve Governor
  • US housing market data disappoints in June; Eurozone inflation rises to 2% in June; UK CPI eases but PPI remains elevated due to fuel and commodity prices; SA CPI rises in line with our forecast, retail sales growth remains subdued in May

ket commentary

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By | 2020-06-22T11:44:51+02:00 July 19th, 2018|Markets and Research|0 Comments

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