daily market commentary

Daily Market Commentary Flash Note – 19 October 2020

By | 2020-10-29T09:18:29+02:00 October 29th, 2020|Markets and Research|

Currencies Rand loses ground as the MTBPS disappoints. Commodities Oil held near a four-week low; Gold little changed. Equities US equity futures slide as concerns about rising coronavirus cases put a dampener on growth as vaccine trials stall.    Date Region Event Actual/Expected/Prior Implications 28/10 SA CPI 3.0%/3.0%/3.1% Headline inflation slowed to 3% in line [...]

Daily Market Commentary Flash Note – 28 October 2020

By | 2020-10-28T08:52:19+02:00 October 28th, 2020|Markets and Research|

Currencies All eyes on the finance minister today. Commodities Oil prices slid in Asia trade; Gold prices were subdued. Equities US equity futures slide as concerns about rising coronavirus cases put a dampener on growth as vaccine trials stall.    Date Region Event Actual/Expected/Prior Implications 28/10 SA CPI --/3%/3.1% Headline inflation is expected to slow [...]

Daily Market Commentary Flash Note – 27 October 2020

By | 2020-10-28T13:41:50+02:00 October 27th, 2020|Markets and Research, Uncategorized|

Currencies Rand posts small gains overnight. Commodities Oil was steady near a three-week low; Gold gained in early Asia trade Equities Global markets trade cautiously ahead of US elections; expect volatility to pick up over the next few days as liquidity dries up.    Date Region Event Actual/Expected/Prior Implications 28/10 SA CPI --/3%/3.1% Headline inflation [...]

Daily Market Commentary Flash Note – 26 October 2020

By | 2020-10-26T09:07:03+02:00 October 26th, 2020|Markets and Research|

Currencies Rand posts steady gains over the last week. Commodities Oil extended its slide to a second day; Gold eased to an over one-week low. Equities Busy week for global earnings… Facebook, Apple, BP, GE, Caterpillar; locally: FBR, ANH, AFT, SSW, IAP, GLN, IMP, MTN and MNK…miners’ quarterly sales updates.   Date Region Event Actual/Expected/Prior [...]

Daily Market Commentary Flash Note – 23 October 2020

By | 2020-10-23T08:39:35+02:00 October 23rd, 2020|Markets and Research|

Currencies Rand remains resilient. Commodities Oil headed for a slight weekly; Gold prices dipped. Equities The JSE and European markets end lower, while the US and Asian markets trade firmer on the prospect of more fiscal stimulus.   Date Region Event Actual/Expected/Prior Implications 23/10 UK Retail Sales --/3.7%/2.8% Consumers remain cautious at the back of [...]

Daily Market Commentary Flash Note – 22 October 2020

By | 2020-10-22T08:53:11+02:00 October 22nd, 2020|Markets and Research|

Currencies Rand posts gains and holds steady. Commodities Oil prices dropped in early trade. Equities US earnings – 85% beat on earnings out of the 84 companies that have reported so far, with tech in vogue this week.   Date Region Event Actual/Expected/Prior Implications 22/10 US Initial Jobless Claims --/865k/898k Jobless claims to come in [...]