Daily Market Commentary: 20 May 2019

Today we are taking a look at:

  • A small bounce in risk this morning after the poor equity performance to end last week
  • Local focus this week on the SARB MPC
  • Oil started the week strongly after Saudi and other OPEC+ members signalled intentions to keep supplies constrained for the rest of the year, while U.S. tensions with Iran ratcheted up as Trump threatened the country in a tweet
  • Rand hedge stocks supported the local bourse with the likes of Richemont gaining 4.67%
  • Japanese GDP beats consensus in Q1; US consumer confidence upbeat
DailyMarketCommentary190520

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By | 2020-06-22T10:53:42+02:00 May 20th, 2019|Markets and Research|0 Comments

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