Equity markets

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 – 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 – 17 July 2020

By | 2020-07-17T08:58:16+02:00 July 17th, 2020|Markets and Research|

Currencies Global tension sees risk trade weaker Commodities Oil held losses in Asia after a U.S. jobs report Equities Equity markets traded lower as global growth concerns, combined with increased COVID-19 infections and US- China tensions, weighed on sentiment Date Region Event Actual/Expected/Prior Implications 16/07 UK Unemployment Rate 3.9%/4.2%/3.9% Unemployment rate for the three months [...]

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 – 9 July 2020

By | 2020-07-09T09:51:32+02:00 July 9th, 2020|Markets and Research|

Currencies Dollar loses ground. Commodities Gold held near the highest level in almost nine years. Equities Global equity markets were mixed as investors digested the latest COVID-19 infections data and the latest tension between the US and China.   Date Region Event Actual/Expected/Prior Implications 07/09 SA Manufacturing Production --/-46.6%/-5.4% A decline of 46.6% expected on [...]

Daily Market Commentary Flash Note – 7 July 2020

By | 2020-07-07T09:54:50+02:00 July 7th, 2020|Markets and Research|

Currencies The rand remains cautious; holds around the 17.00 pivot. Commodities Oil held below $41 amid rising coronavirus infections Equities An upbeat report from China lifted global markets.    Date Region Event Actual/Expected/Prior Implications 07/07 SA Consumer Confidence --/-12/-9 Consumer confidence expected to drop even further to -12, reflecting the effects of the covid-19 pandemic. [...]