Daily Market Commentary – 20 June

Today we are taking a look at:

·       The Fed out-doves the market and risk assets rally hard. SAGBs opening stronger, focus will be on the SONA tonight

·       The dollar is on the back foot after dovish Fed commentary, this takes the rand to the strongest level in two months

·       Oil rose as U.S. crude stockpiles fell more than forecast and as OPEC’s top producers progressed toward extending output cuts for the rest of the year

·       Global equity markets traded cautiously ahead of the FOMC meeting

·       SA CPI marginally higher in May, core still muted; UK CPI eases; US Fed sounds increasingly dovish amid low inflation and trade uncertainties

 

DailyMarketCommentary190620

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By | 2020-06-22T10:49:17+02:00 June 20th, 2019|Markets and Research|0 Comments

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