Daily Market Commentary: 17 July 2019

Today we are taking a look at:

·       A touch of risk off as trade concerns resurface and ZAR takes a bit of a hit with SAGBs opening a little weaker

·       USDZAR holds steady ahead of the MPC

·       Oil held its biggest loss in two weeks as President Donald Trump’s threat of new tariffs on Chinese imports rekindled fears about global demand, while the U.S. signalled a possible easing of tensions with Iran

·       JSE volumes remain weak into SARB on Thursday, market has priced in a 25bps cut; Given the global backdrop, we should see some selling across the SA Inc space on the stronger USD

·       US retail sales growth rises above consensus

DailyMarketCommentary190717

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By | 2020-06-22T10:46:09+02:00 July 17th, 2019|Markets and Research|0 Comments

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