Today we are taking a look at:
· A bull steepener as a result of a highly dovish Fed, as local markets price in SARB rate cut · USDZAR holds steady sub 14.0000 · Oil headed for its biggest weekly gain in three weeks as simmering Middle East tensions, shrinking inventories and a storm in the Gulf of Mexico all conspired to threaten the supply outlook · The JSE and European markets end lower, while the Dow and S&P 500 close at record highs · SA mining and manufacturing industries remain downbeat; US CPI eases sharply DailyMarketCommentary190712 If you are looking for more relevant market commentary, have a look at our other Markets and Research. |
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