Daily Market Commentary: 28 August 2019

Today we are taking a look at:

  • Bonds holding onto their bid tone post a strong auction and the curve remains better bid
  • USDZAR holds steady around the 15.30 level
  • Oil prices higher, with U.S. crude gaining 1% after an inventory report showed U.S. stockpiles fell more than expected, helping ease worries about economic growth due to the Sino-U.S. trade war
  • U.S. futures climbed after shares closed lower in New York Tuesday in a seesaw session as it appeared that China was bracing for the worst on the negotiations with President Donald Trump’s credibility becoming a key impediment to a dealDailyMarketCommentary190828

If you are looking for more relevant market commentary, have a look at our other Markets and Research.

By | 2020-06-22T10:39:07+02:00 August 28th, 2019|Markets and Research|0 Comments

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