Daily Market Commentary: 2 August 2018

Today we are taking a look at:

  • Yields decline through the day after temporary spike earlier, good foreign inflows seen
  • FX markets now focus on US labour market data tomorrow, USDZAR recovers from earlier sell-off despite dollar strength
  • Dollar continues to rally, keeping gold and oil on the back foot
  • Global markets trade mostly lower on renewed US-China trade war concerns. Solid results from Apple Inc curb losses in the US.
  • Global PMIs softer in July; SA PMI bucks the trend, driven by new sales orders; US FOMC remains hawkish, ADP payrolls sharply higher in July

If you are looking for more relevant market commentary, have a look at our other Markets and Research.

By | 2020-06-22T11:42:30+02:00 August 2nd, 2018|Markets and Research|0 Comments

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