Daily Market Commentary: 3 July 2018

Today we are taking a look at:

  • Risk-off persists as trade war concerns loom, SAGB yields rise marginally intraday
  • The rand remains vulnerable
  • Gold price continues to fall; Oil price eases from its recent high amid reports by Bloomberg that Saudi exports have risen, Libyan oil output remains under pressure
  • Global markets retreat on intensified trade war fears as some tariffs are effective this week
  • Global PMIs were mixed in June, US ISM surprises to the upside; SA PMI falls further away from the neutral level in June
  • Foreign flows into the equity market rebound last week, but bond outflows persist
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By | 2020-06-22T11:47:50+02:00 July 3rd, 2018|Markets and Research|0 Comments

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