Daily Market Commentary: 3 July 2019

·       SAGB yields marginally higher as global risk assets pause after the recent rally

·       Markets likely to be cautious ahead of the US holiday tomorrow

·       Oil climbed off its lows after the API report showed a contraction in U.S. crude stockpiles last week

·       Global stocks take a breather as weaker economic data dampens any hope of a near term rally on the back of a quickly resolved trade dispute; Eurozone pushes back on rate cuts, Oil sells off from its recent rally and gold holds near 6 year highs

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