Daily Market Commentary: 25 April 2019

Today we are taking a look at:

  • SAGB curve steepens in the back-end due to the concentration of the issuance, yields also tracking weaker ZAR
  • The Rand remains firmly on the back foot
  • Oil extended losses below $66 a barrel after U.S. crude inventories rose more than expected, hampering a rally driven by the prospect of tighter supplies due to American sanctions on Iran
  • Equity markets react to company earnings and economic data
  • SA consumer confidence declines in Q1 to below long-term average

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

By | 2020-06-22T10:57:29+02:00 April 25th, 2019|Markets and Research|0 Comments

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