Daily Market Commentary: 9 January 2020

Today we are taking a look at:

  • Risk bounces on Trump’s reassurances of a de-escalation in the Middle Eastern tensions and SA catches a bid, with ZAR rallying to 14.1700, and SAGB yields falling in response
  • Overnight, geopolitical tensions ease and risk-off sentiment subsides
  • Oil steadied as investors weighed the risk of further escalation in the conflict between the U.S. and Iran
  • Yesterday, global equity markets posted notable gains as President Trump advised that the U.S. would not respond militarily but may impose new sanctions on Iran
  • SA manufacturing PMI slump persists due to load shedding and weak demand; Chinese inflationary pressure still muted despite headline overshootDailyMarketCommentary200109

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By | 2020-06-10T14:19:20+02:00 January 9th, 2020|Markets and Research|0 Comments

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