Daily Market Commentary – 21 June

Today we are taking a look at:

·       After a hugely dovish Fed, SAGB yields declined sharply in line with US yields

·       USDZAR holds steady

·       Brent oil is set for its biggest weekly gain in four months as tensions flared in the Middle East after Iran shot down a U.S. Navy drone

·       The JSE and global markets trade higher, reacting to dovish signals from both, the Bank of England and the US Federal Reserve

·       US leading index remains unchanged in May; BOE sound cautious due to downside risks to growth; Japanese CPI

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