Daily Market Commentary: 19 February 2019

Today we are taking a look at:

  • Local yields remain low despite uncertainty over Budget and SOE woes
  • Local markets likely to be cautious again today, USDZAR remains above R14.00/$
  • Oil held gains at a three-month high as investors focused on prospects of a resolution to the U.S.-China trade war and signs of sliding shipments from the world’s biggest crude exporter
  • The Top40 closed up over 1%, while global markets were mixed. The US holiday affected trading
  • Foreign flows continue to disappoint, as concerns around Eskom, the Budget, and global trade take centre stage

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

By | 2020-06-22T11:07:02+02:00 February 19th, 2019|Markets and Research|0 Comments

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