Daily Market Commentary: 21 November 2018

Today we are taking a look at:

  • SAGB yields continue to remain range-bound ahead of SARB MPC, weekly nominal bond auction sees better demand
  • Rand remains range bound, as focus shifts to local data releases and MPC tomorrow
  • Gold and oil price continues to move in opposite directions; Brent weighed by ample global supplies, while bargain buying props up gold
  • The JSE and global markets fall sharply as slowing economic growth, falling oil prices and disappointing earnings news drag markets lower
  • SARB leading indicator continues to decelerate; US housing starts recovers in October
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By | 2020-06-22T11:18:28+02:00 November 21st, 2018|Markets and Research|0 Comments

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