Currencies Trump’s comments elevate market caution. Commodities Oil in New York is poised for the biggest weekly gain since early July. Equities Asian tech names are dragging markets lower on the back of President Trump’s ban of TikTok and WeChat in the US; expect risk-off sentiment amid rising geopolitical tensions. Date Region Event Actual/Expected/Prior [...]
Telecommunication firms have benefitted from Covid-19 lockdowns as more people made us of digital channels to stay connected. Business Day TV caught up with Nedbank CIB's Preshendran Odayar for more insight. Watch now for more expertise and insights, and let us know what you think in the comments below. https://www.youtube.com/watch?v=p_twIy31UgU If you are [...]
Currencies Rand holds steady around the 17.30 mark. Commodities Oil was steady near a five-month high. Equities Equity markets were buoyed by company earnings, while mining and energy firms benefited from higher commodity prices. Date Region Event Actual/Expected/Prior Implications 05/08 EZ Retail Sales 1.3%/-0.2%/-5.1% Retail Sales increased by 5.7% on a monthly basis. 06/08 [...]
Currencies Rand recovers after significant sell-off yesterday. Commodities Gold’s scorching rally gathered more force, with prices driven higher into record territory above $2,000 an ounce. Equities Tumbling UST yields send global investors scrambling for growth, seeing the Nasdaq make fresh highs overnight. Date Region Event Actual/Expected/Prior Implications 05/08 EZ Retail Sales --/0.2%/-5.1% Expected to [...]
Currencies Emerging markets retreat across the board. Commodities Oil declined after the biggest gain in two weeks. Equities Positive momentum persists in global equity markets. Date Region Event Actual/Expected/Prior Implications 04/08 EZ PPI --/-3.8%/-5.0% June PPI expected to rise 0.6% on a monthly basis. 05/08 EZ Retail Sales --/0.2%/-5.1% Expected to increase 0.2% on [...]
Currencies Demand for dollars drives the rand above 17.0000. Commodities Oil edged lower near $40 a barrel. Equities Expect to see some local bottom fishing in the Banks which ended the day -4%. Date Region Event Actual/Expected/Prior Implications 03/08 Global Manufacturing PMI -- Data to reveal whether the rebound in business activity has been [...]
