Daily Market Commentary – 13 June

Today we are taking a look at:

·       Volatile trading day for SA yields, as risk off resumes on the back of trade uncertainty, curve steepens marginally as a result

·       Local political headlines weigh on the rand

·       WTI held its biggest daily loss this month to trade near $51 a barrel as a surprise increase in inventories and no sign of a breakthrough in the U.S.-China trade war damped sentiment

·       Global markets traded lower as trade tensions resurfaced, and investors took profits after the recent rally

·       SA retail sales surprises to the upside in April as a result of seasonal spending; US CPI eases in May on softer energy prices

DailyMarketCommentary190613

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By | 2020-06-22T10:50:29+02:00 June 13th, 2019|Markets and Research|0 Comments

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