Daily Market Commentary: 26 July 2019

·       SAGBs follow USDZAR weaker as risk assets come under pressure, yields higher across the curve

·       The rand breaches back above 14.0000

·       Oil is set for a weekly increase as stockpiles tighten and as lingering tensions surrounding Iran stoke concerns that energy flows from the Middle East may be disrupted. Futures little changed, up 1% for the week

·       The JSE and global markets trade lower following comments from the ECB signalling monetary policy easing

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