Today we are taking a look at:

  • SAGBs held onto gains going into the close on Friday as risk trades well
  • Focus this week on central banks
  • Oil traded near the highest level in almost 12 weeks after Saudi Arabia surprised the market Friday with a significant supply cut beyond what was agreed to with fellow OPEC+ members
  • It was a strong finish to the week out of the US but locally it was nothing special with a flat performance. It’s a muted start this morning with a more ‘wait and see’ stance as we head into the trade deal deadline
  • US labour market data above consensusDailyMarketCommentary191209

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