Daily Market Commentary: 3 June 2019

Today we are taking a look at:

Risk off continues as the trade war persists, SAGB yield curve maintained marginal steepening bias
The rand recovers some lost ground
Oil extended declines as an increasingly aggressive U.S. trade policy fuelled fears the world could be heading for a significant economic slowdown
Gold index gained 7.79% which was a standout performance with the gold price up 0.95% with safe haven demand rising
SA trade balance posts a deficit in April; US PCE rises marginally in April

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

By Nedbank CIB|2020-06-22T10:51:14+02:00Jun 3rd, 2019|Markets and Research|11 Comments

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