Daily Market Commentary: 12 November 2018

Today we are taking a look at:

  • SAGBs recover from the high of 9.24 (R186s) in a subdued end to the week, but still underperform as EMFX ends the week badly post Fed
  • Rand retreats as the dollar rebounds, global majors remain weak
  • Gold sharply lower amid a strong dollar; Brent still low but small rally seen this morning
  • The JSE and global markets end Friday’s session lower, reacting to the US Fed’s hawkish statement and on concerns about the outlook for US interest rates.
  • UK economic data surprises to the upside in Q3; US consumer sentiment marginally lower recently as consumers concerned about the future
DailyMarketCommentary181112

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By | 2020-06-22T11:20:17+02:00 November 12th, 2018|Markets and Research|0 Comments

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