Daily Market Commentary: 6 August 2018

Today we are taking a look at:

  • SAGBs marginally bid over the day but flows remained light and bonds lag the ZAR
  • Dollar strength persists, weighing on majors, however USDZAR strengthens post-NFP, Eskom continues to negotiate a wage settlement
  • Weaker dollar boosts gold temporarily, but dollar strength resumes this morning; Brent range-bound
  • The JSE ends Friday‚Äôs session higher. Strong earnings numbers overshadow renewed trade tensions in Europe and the US. Asian markets are mixed
  • US nonfarm payrolls disappoint, but overall trend remains upbeat; Eurozone retail sales growth eases in JuneDailyMarketCommentary180806

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By | 2020-06-22T11:42:13+02:00 August 6th, 2018|Markets and Research|0 Comments

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