Asian Markets

Daily Market Commentary Flash Note – 30 July 2020

By | 2020-07-30T08:57:13+02:00 July 30th, 2020|Markets and Research|

Currencies Rand loses ground as Fed warns of challenges. Commodities Oil held gains in Asia following the biggest drop in stockpiles this year. Equities Corporate earnings, company news and the FOMC shifted focus away from COVID-19 and geopolitical tensions.   Date Region Event Actual/Expected/Prior Implications 29/07 SA CPI 2.2%/2.2%/2.1% Consumer inflation rose at the back [...]

Daily Market Commentary Flash Note 23 June 2020

By | 2020-06-23T10:20:15+02:00 June 23rd, 2020|Markets and Research|

Currencies Rand holds steady. Commodities Oil edged lower; Gold little unchanged. Equities The Nasdaq closed at record highs, inspiring Asian markets this morning.   Date Region Event Actual/Expected/Prior Implications 23/06 SA Unemployment --/29.7%/29.1% Unemployment rate expected to have increased to 29.7%. 23/06 EZ Manufacturing PMI --/44.8/39.4 Readings expected to pick up following easing of containment [...]

Daily Market Commentary: 26 May 2020

By | 2020-06-10T11:32:49+02:00 May 26th, 2020|Markets and Research|

Today we are taking a look at: US and US public holiday meant thin liquidity conditions in the local market, SAGB yields track ZAR, with yields lower with a flattening bias The rand holds steady in illiquid markets Oil prices rose on clear signs that producers are sticking to commitments to cut crude supply Asian [...]

Daily Market Commentary: 28 April 2020

By | 2020-06-10T11:37:02+02:00 April 28th, 2020|Markets and Research|

Today we are taking a look at: While SAGB yields continue to rise, risk assets traded better on Friday, and the sell-off locally was limited to a few basis points. This week, volatility likely to surge amid WGBI rebalancing outflows The rand posts modest gains versus last week’s close Gold fell for a third day; [...]

Daily Market Commentary: 7 August 2019

By | 2020-06-22T10:41:54+02:00 August 7th, 2019|Markets and Research|

Today we are taking a look at: SAGBs bull steepen yesterday amid better liquidity conditions, yields follow ZAR and swaps stronger The rand remains vulnerable to further weakness Brent crude held losses after falling into bear market as concern the U.S.-China trade war will continue to sap demand outweighed an industry report showing American crude [...]

Daily Market Commentary: 19 July 2019

By | 2020-06-22T10:45:54+02:00 July 19th, 2019|Markets and Research|

Today we are taking a look at: ·       SARB cut viewed as cautious by the market, yields decline nonetheless ·       USD on the back foot on Fed’s interest rate outlook ·       Oil snapped four days of losses after an American warship downed an Iranian drone near the Strait of Hormuz, stoking concerns crude flows from [...]