Daily Market Commentary – 14 June

Today we are taking a look at:

  • SAGB yield curve bear steepens as concerns over global trade persists
  • USDZAR holds steady going into the long weekend
  • Oil headed for a weekly decline as the tanker attacks in the Middle East provided only a relatively small boost to prices that have been hammered by a deepening trade war and swelling U.S. stockpiles
  • The JSE ends the day little changed, trading lower into the close; Higher oil prices boost energy stocks across the globe, following an attack on tankers in the Gulf of Oman, while trade tensions continue to weigh on sentiment
  • SA mining output contracts, business confidence subdued; Eurozone industrial production weighed by Germany; Japanese industrial production declines amid trade uncertainty
DailyMarketCommentary190614

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By | 2020-06-22T10:50:22+02:00 June 14th, 2019|Markets and Research|0 Comments

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