Daily Market Commentary: 1 February 2019

Today we are taking a look at:

  • Late month end inflows into SAGBs will still need clearing, and with risk continuing to trade well
  • Focus now shifts to US data
  • Oil halted gains after scoring its best January on record as a weak reading on China’s manufacturing sentiment survey reignited concerns of a global slowdown
  • Global markets trade mostly higher, lifted by the US Federal Reserve’s dovish report. The S&P 500 and Nasdaq end with strong gains on solid results from Facebook Inc.
  • SA PPI falls sharply in December, trade balance surprises to the upside, Eurozone growth unchanged in Q4

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

By | 2020-06-22T11:09:39+02:00 February 1st, 2019|Markets and Research|0 Comments

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