Daily Market Commentary: 18 February 2019

Today we are taking a look at:

  • Offshore supports SAGBs despite fragile ZAR and local event risk
  • The rand holds steady above 14.0000
  • Oil traded near the highest level since November on optimism over a U.S.-China trade deal and as an outage at the world’s largest offshore field in Saudi Arabia signalled tightening supply
  • Resources continue to rally with the likes of Anglo Platinum and Anglo America rallying 4.65% and 1.56% respectively ahead of their results due this week
  • Retail sales in the UK surges in January; US confidence and industrial production data
DailyMarketCommentary190218

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By | 2020-06-22T11:07:07+02:00 February 18th, 2019|Markets and Research|0 Comments

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