Daily Market Commentary: 29 July 2019

·       SAGB curve steepens on fiscal woes and credit rating downgrade concerns after Eskom bail-out

·       The rand loses ground on local factors

·       WTI traded near $56 a barrel as the U.K. deployed a warship to the Strait of Hormuz to help escort commercial ships. Futures eased slightly after rising 1% last week.

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