Daily Market Commentary: 15 July 2019

·       SAGB curve bear steepens following global risk-off, and as markets prepare for fiscal slippage

·       Local focus on the Zuma testimony today

·       Oil traded near $60 a barrel after a storm shut almost three-quarters of US Gulf of Mexico crude production, even as lingering supply concerns continue to dent the outlook

·       All eyes on US Earnings Season with Citigroup reporting later today

·       Chinese growth in line with consensus in Q2 but remain lacklustre

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