currencies

Daily Market Commentary Flash Note – 14 August 2020

By | 2020-08-14T09:59:17+02:00 August 14th, 2020|Markets and Research|

Currencies The rand holds steady sub-17.5000. Commodities Gold headed for the first weekly drop in ten weeks. Equities The JSE and global markets eased lower after stimulus-package talks in the US stalled and a number of companies reported disappointing earnings.   Date Region Event Actual/Expected/Prior Implications 14/08 EZ GDP --/-12.1%/-12.1% Economy expected to contract 12.1% [...]

Daily Market Commentary Flash Note – 13 August 2020

By | 2020-08-13T08:50:38+02:00 August 13th, 2020|Markets and Research|

Currencies Local FX markets hold steady. Commodities Gold prices higher; Oil held gains. Equities Equity markets edged higher as investors digested company earnings and economic data.   Date Region Event Actual/Expected/Prior Implications 12/08 UK GDP -20.4%/-20.7%/-2.2% GDP contracted 20.4% in Q2. 12/08 EZ Industrial Production 9.1%/10.0%/12.3% Output increased by 9.1%. 12/08 US CPI 1.0%/0.7%/0.6% Due [...]

Daily Market Commentary Flash Note – 12 August 2020

By | 2020-08-12T09:30:14+02:00 August 12th, 2020|Markets and Research|

Currencies Gold loses its shine. Commodities Oil held losses; Spot gold sank 2.1% to $1,872.61 an ounce. Equities US stocks declined in late trading after virus-related rescue talks reached a stalemate in Congress that may last until September.   Date Region Event Actual/Expected/Prior Implications 12/08 UK GDP --/-20.7%/-2.2% Economy expected to have contracted by 20.7% [...]

Daily Market Commentary Flash Note – 11 August 2020

By | 2020-08-11T09:38:58+02:00 August 11th, 2020|Markets and Research|

Currencies The rand recovers from its worst levels. Commodities Oil pushed higher; Gold fell for a third straight day as the dollar firmed. Equities SA markets look to play catch-up as global equity markets rally.   Date Region Event Actual/Expected/Prior Implications 12/08 UK GDP --/-20.7%/-2.2% Economy expected to have contracted by 20.7% in Q2 due [...]

Daily Market Commentary Flash Note – 6 August 2020

By | 2020-08-06T09:41:32+02:00 August 6th, 2020|Markets and Research|

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 [...]

Daily Market Commentary Flash Note – 5 August 2020

By | 2020-08-05T08:52:19+02:00 August 5th, 2020|Markets and Research|

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 [...]