Daily Market Commentary: 22 May 2019

Today we are taking a look at:

  • The fixed income market reacted positively to Mbete and Gigaba withdrawing from the MP list in the late trade, so the bullish momentum of earlier was maintained
  • The Brexit saga continues unabated
  • Oil headed for its biggest drop in more than a week as signs the worsening U.S.-China trade war will take a toll on global economic growth overshadowed the prospect of OPEC and its allies extending production curbs
  • SA equities underperformed DM and EM peers; SA Inc stocks that were ramped into our elections have sold off in a vacuum as global macro keeps the foreign bid away

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

By | 2020-06-22T10:53:30+02:00 May 22nd, 2019|Markets and Research|0 Comments

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