Daily Market Commentary Flash Note – 11 September 2020

By | 2020-09-11T09:30:53+02:00 September 11th, 2020|Markets and Research|

Currencies The rand again relinquishes its early gains. Commodities Oil headed for its first back-to-back weekly losses since April. Equities ECB leaves rates unchanged, adding no further stimulus, weighing on European markets, while tech stocks drag the US markets lower.   Date Region Event Actual/Expected/Prior Implications 11/09 UK GDP --/6.7%/8.7% The reopening of the hospitality [...]

Daily Market Commentary: 24 January 2020

By | 2020-06-10T14:16:40+02:00 January 24th, 2020|Markets and Research|

Today we are taking a look at: SAGB yields marginally higher with meaningful steepening seen in the front-end of the curve Global concerns mount regarding the coronavirus Oil is heading for the longest run of weekly losses since May; spot gold -0.1% to $1,560.70/oz Concerns over the spread of the coronavirus in Asia drag the [...]

Daily Market Commentary: 13 December 2019

By | 2020-06-10T14:21:10+02:00 December 13th, 2019|Markets and Research|

Today we are taking a look at: More bull flattening in SAGBs as ZAR trades stronger in thin volume The rand improves as a possible trade deal looms Oil rose to the highest level in almost three months after Trump signed off on a partial trade deal with China, aiding the global demand outlook after [...]

Daily Market Commentary: 25 October 2019

By | 2020-06-22T10:13:16+02:00 October 25th, 2019|Markets and Research|

Today we are taking a look at: SAGBs trade poorly post ECB, yields marginally higher across the curve after earlier gains USDZAR retreats from its best levels Oil was still on track for its biggest weekly gain in more than a month, gold poised for a weekly advance ECB leaves interest rates unchanged, confirms ongoing [...]

Daily Market Commentary: 24 October 2019

By | 2020-06-22T10:13:22+02:00 October 24th, 2019|Markets and Research|

Today we are taking a look at: A decent day for SA again in a quiet macro back drop, SAGB yields marginally lower as the MTBPS and Moody’s still a concern Global Market focus today on the ECB Oil prices dipped on Thursday on lingering concerns about a weak demand outlook Equity markets continue to [...]

Daily Market Commentary: 13 September 2019

By | 2020-06-22T10:35:35+02:00 September 13th, 2019|Markets and Research|

Today we are taking a look at: Bull curve flattener after a dovish ECB yesterday ECB stimulus programme surprises the market, and US-China trade progress revives risk appetite Oil is set for its biggest weekly loss in nearly two months as the IEA warned of a looming supply glut, while OPEC and its allies urged [...]