Today we are taking a look at:

  • SAGBs stable and will continue to take the lead from global markets; risk trading slightly better than it closed on Friday night
  • Coronavirus continues to affect FX markets
  • Chinese oil demand has dropped by about 20% of total consumption, as the coronavirus squeezes the economy
  • SA trade balance posts a surplus due to export and import slumpDailyMarketCommentary200203

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