Today we are taking a look at:
- Geopolitical tensions put EM risk assets on the back foot, with a weaker ZAR and higher bond yields since Friday
- USDZAR weaken by more than 30-cents as US-Iranian tensions escalate towards the tail-end of the week, EM FX remains fragile, USDZAR the worst performer in the past week
- US/Iranian tensions have escalated over the weekend and talk of retaliation from both sides sees oil above the $70 level, gold trading as a safe haven amid tensions
- Weaker Rand should continue to put pressure on SA Inc names, SA to perhaps benefit from some rotation within the EM spaceDailyMarketCommentary200106
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