CPI

Daily Market Commentary Flash Note – 28 July 2020

By | 2020-07-28T09:19:58+02:00 July 28th, 2020|Markets and Research|

Currencies SA granted IMF loan. Commodities Oil held near a four-month high. Equities Global equity markets rise on USD1tn US relief package.   Date Region Event Actual/Expected/Prior Implications 28/07 US Consumer Confidence --/94.4/98.1 July consumer confidence expected to soften. 29/07 SA CPI --/2.2%/2.1% Headline inflation forecast to remain below SARB lowest target band of 3%. [...]

Daily Market Commentary Flash Note – 16 July 2020

By | 2020-07-16T08:40:04+02:00 July 16th, 2020|Markets and Research|

Currencies The rand continues to post gains. Commodities Oil edged lower; Gold held steady. Equities Vaccine hopes buoyed global equity markets.   Date Region Event Actual/Expected/Prior Implications 15/07 UK CPI 0.6%/0.4%/0.5% Annual CPI increased to 0.6% 15/07 SA CPI 2.1%/2.2%/3.0% CPI dropped to 2.1%, below the central banks target range of 3% - 6%. 15/07 [...]

Daily Market Commentary Flash Note – 15 July 2020

By | 2020-07-15T09:09:56+02:00 July 15th, 2020|Markets and Research|

Currencies Rand holds steady around 16.7000. Commodities WTI rose toward a four-month high; Gold held steady. Equities Global markets are generally ignoring the heightened geopolitical risks between China, the US and UK, and focusing on the update from Moderna Inc. regarding its COVID-19 vaccine that produced antibodies in all patients tested in an initial safety [...]

Daily Market Commentary Flash Note – 13 July 2020

By | 2020-07-14T10:25:50+02:00 July 13th, 2020|Markets and Research|

Currencies The rand holds steady, for now. Commodities Oil dropped ahead of an OPEC+ meeting this week. Equities Asia Pacific is taking its lead from the US, with all markets across the region trading higher.   Date Region Event Actual/Expected/Prior Implications 14/07 EZ Industrial Production --/-19.5%/-28.0% Set to rebound in May at the back of [...]

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 Flash Note 22 June 2020

By | 2020-06-23T10:19:06+02:00 June 22nd, 2020|Markets and Research|

Currencies Focus this week on the updated budget. Commodities Gold at one-month high amid rising fear of virus. Equities Investors will be cautious ahead of our revised budget on Wednesday, so expect increased volatility on lower trading volumes.   Date Region Event Actual/Expected/Prior Implications 23/06 SA Unemployment --/29.7%/29.1% Unemployment rate expected to have increased to [...]