Daily Market Commentary: 19 October 2018

Today we are taking a look at:

  • SAGB yields marginally higher, risk-off develops in the afternoon ahead of the NY open
  • Both global and local factors weigh on the rand, dollar remains strong, weighing on majors
  • Gold remains elevated despite easing somewhat; Brent breaks below $80/bbl.
  • The JSE and world markets remain under pressure, weighed down by global economic concerns. Disappointing Chinese GDP data adds to the negative sentiment
  • SA mining production slumps in August; UK retail sales growth eases, Asian data this morning

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

By | 2020-06-22T11:22:55+02:00 October 19th, 2018|Markets and Research|0 Comments

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