Daily Market Commentary – 19 June

Today we are taking a look at:

  • Dovish ECB results in a surge in risk appetite, causing SAGB yields to decline sharply in the belly and long-end
  • USDZAR stages a significant comeback
  • Oil held its biggest gain in more than five months as OPEC and its allies edged closer to fixing a date for their next meeting and as the U.S. and China signalled trade talks would resume after a stalemate
  • Markets await global central bank statements this week after dovish ECB comments earlier in the week; locally, SONA will likely take centre stage tomorrow, but global sentiment should continue to drive our market until then
  • Japanese trade deficit widens as exports slump due to trade war and weaker Asian demand
DailyMarketCommentary190619

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By | 2020-06-22T10:50:10+02:00 June 19th, 2019|Markets and Research|0 Comments

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