Daily Market Commentary: 1 August 2018

Today we are taking a look at:

  • SAGBs struggle to follow the strong ZAR, but yields decline across the curve, albeit marginally
  • Rand loses ground on ANC announcement of fast-tracking land reform
  • Stronger dollar weighs on gold and oil
  • Global markets trade mostly firmer, buoyed by strong earnings numbers and on a report that the US and China were seeking to resolve trade differences
  • SA unemployment rate rises in Q2, trade posts a larger surplus in June; Eurozone CPI rises but growth eases in July; US core PCE disappoints, spending growth eases
DailyMarketCommentary180801

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By | 2020-06-22T11:42:37+02:00 August 1st, 2018|Markets and Research|0 Comments

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