Daily Market Commentary: 17 October 2019

Today we are taking a look at:

  • Load-shedding announcement causes yields to rise across the curve, in line with ZAR weakness
  • Rand on the back foot as Eskom again falters
  • Oil retreated in Asian trading after an industry report showed a sharp increase in U.S. crude stockpiles last week
  • Positive sentiment created by corporate earnings was offset by weaker economic data and Brexit concerns
  • SA retail sales growth disappoints in August; US retail sales contracts in September, Beige Book reflects concern over economic activity

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

By | 2020-06-22T10:15:33+02:00 October 17th, 2019|Markets and Research|0 Comments

Leave A Comment