Today we are taking a look at:

  • Virus control measures continue to take a toll on markets and risk trades poorly post-the US close on European travel restrictions, SAGBs follow USDZAR weaker
  • The rand retreats again
  • Oil prices fell again on Thursday after the U.S. banned travel from Europe while Gold prices increased
  • Equity markets shrugged off the latest attempts by central banks to curb the economic fallout from COVID-19 as WHO officially declares the outbreak a pandemic
  • US CPI rose 2.3% annually; The SA BER business confidence index (BCI) fell to 18 index points in 1Q20DailyMarketCommentary200312

If you are looking for more relevant market commentary, have a look at our other Markets and Research.