Daily Market Commentary – 26 June

Today we are taking a look at:

·       Risk-off in Asia which causes EM FX to weaken, yield curve maintains steepening bias on fiscal concerns

·       USD trades firmer as FED speakers hint at less aggressive rate cuts

·       Oil rallied after an industry report suggested U.S. crude stockpiles continue to shrink

·       Precious metals were the star performer in SA, but we saw profit taking across the rest of the market; No-deal Brexit, Middle East tensions and US/China trade wars should continue to keep investors side-lined

·       SA leading indicator rises in April, signalling possible recovery by year-end; US data disappoints across the board

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

 

 

By | 2020-06-22T10:48:49+02:00 June 26th, 2019|Markets and Research|0 Comments

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