Today we are taking a look at:

  • Global risk-off sends the rand weaker and bond yields higher, reversing earlier gains
  • Iran’s retaliation has markets scrambling for safety
  • Oil prices jumped after Iran attacked two U.S.-Iraqi bases; Gold surged above $1,600 an ounce for the first time in more than six years
  • The JSE closes marginally higher, while renewed tensions between the US and Iran weigh heavily on Asian markets this morning, after Iran launched a missile attack on US forces in Iraq
  • Eurozone inflation rises in December, retail sales upbeatDailyMarketCommentary200108

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