Daily Market Commentary Flash Note – 8 July 2020

By | 2020-07-08T10:13:14+02:00 July 8th, 2020|Markets and Research|

Currencies Global uncertainty sees emerging markets on the back foot. Commodities Oil fell for a third day with rising virus infections in the US. Equities A nervous tone returns to global markets as the Eurozone warns of a deeper recession; The US addresses the HKD/USD peg and US stocks sell off on increased COVID-19 concerns. [...]

Daily Market Commentary: 16 January 2020

By | 2020-06-10T14:17:58+02:00 January 16th, 2020|Markets and Research|

Today we are taking a look at: ZAR trades well into our close, dragging the rest of EM with it. SAGBs however, very lacklustre with all the action in FRA's heading into the SARB MPC decision tomorrow Currency markets cautious over “phase-one” Sino-US trade agreement. SARB meeting today Oil rebounded after the U.S. and China [...]

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: 5 July 2019

By | 2020-06-22T10:47:47+02:00 July 5th, 2019|Markets and Research|

Today we are taking a look at: ·       Continued bull flattening of the SAGB yield curve as search for yield persists ·       USDZAR breaks below R14.00/$ temporarily, all eyes on the US data today ·       Oil is set for the biggest weekly decline since May as global demand concerns outweighed an OPEC+ pact to extend [...]

Daily Market Commentary: 3 July 2019

By | 2020-06-22T10:48:01+02:00 July 3rd, 2019|Markets and Research|

Today we are taking a look at: ·       SAGB yields marginally higher as global risk assets pause after the recent rally ·       Markets likely to be cautious ahead of the US holiday tomorrow ·       Oil climbed off its lows after the API report showed a contraction in U.S. crude stockpiles last week ·       Global stocks [...]

Daily Market Commentary – 1 July

By | 2020-06-22T10:48:36+02:00 July 1st, 2019|Markets and Research|

Today we are taking a look at: ·       Month-end flows cause significant flattening of the SAGB yield curve, long-end yields lower ·       Markets trade positively on good news from the G20 ·       Oil jumped to a five-week high after Saudi and Russia signalled their support for an extension of OPEC+ output cuts and a U.S.-China [...]