GDP

Daily Market Commentary Flash Note – 31 July 2020

By | 2020-07-31T09:04:54+02:00 July 31st, 2020|Markets and Research|

Currencies Rand loses ground as the economy falters. Commodities Gold is set for the biggest monthly gain in more than four years. Equities Disappointing earnings reports, poor economic data and a potential delay in the US presidential elections drag markets lower.    Date Region Event Actual/Expected/Prior Implications 31/07 EZ GDP --/-12.1%/-3.6% Expected that the economy [...]

Daily Market Commentary Flash Note – 28 July 2020

By | 2020-07-28T09:19:58+02:00 July 28th, 2020|Markets and Research|

Currencies SA granted IMF loan. Commodities Oil held near a four-month high. Equities Global equity markets rise on USD1tn US relief package.   Date Region Event Actual/Expected/Prior Implications 28/07 US Consumer Confidence --/94.4/98.1 July consumer confidence expected to soften. 29/07 SA CPI --/2.2%/2.1% Headline inflation forecast to remain below SARB lowest target band of 3%. [...]

Daily Market Commentary Flash Note 24 June 2020

By | 2020-06-24T09:51:42+02:00 June 24th, 2020|Markets and Research|

Currencies All eyes on the adjustment budget. Commodities Oil edged lower; Gold futures climbed for a fourth session Equities Global markets trade mostly higher, with improving economic data boosting sentiment.   Date Region Event Actual/Expected/Prior Implications 23/06 SA Unemployment 30.1%/29.7%/29.1% Unemployment rate increased to 30.1%. 23/06 EZ Manufacturing PMI 46.9/45.0/39.4 PMI readings picked up to [...]

Daily Market Commentary Flash Note 15 June 2020

By | 2020-06-22T10:01:03+02:00 June 15th, 2020|Markets and Research|

Currencies Rand holds steady. Commodities Oil kept falling after its first weekly drop since late April; Gold steady. Equities Fears of a second wave of COVID-19 infections are outweighing better economic data out of China.   Date Region Event Actual/Expected/Prior Implications 12/06 EZ Industrial production -28.0%/-28.8%/-13.5% Sharp drop to -28%, due to strict lockdown measures [...]

Daily Market Commentary Flash Note 12 June 2020

By | 2020-06-22T10:01:48+02:00 June 12th, 2020|Markets and Research|

Currencies USDZAR loses ground. Commodities Oil is heading for the first weekly loss since late April; Gold headed for the first weekly gain. Equities Markets address the disconnect between asset prices and real economies as the economic damage of the pandemic and fears of a second wave see US markets tumble. Economics Manufacturing production contracted [...]

Daily Market Commentary Flash Note 11 June 2020

By | 2020-06-22T10:02:00+02:00 June 11th, 2020|Markets and Research|

Fixed Income SAGB yields marginally lower ahead of Fed last night; dovish Fed supports US treasury yields as it reiterates persistent stimulus measures and near-zero interest rates. Currencies Fed holds steady. Commodities Oil prices fell in early trade on Thursday; spot gold edged lower. Equities Equity markets remained under pressure as more reports on the [...]