GDP

Daily Market Commentary Flash Note – 30 September 2020

By | 2020-09-30T09:09:58+02:00 September 30th, 2020|Markets and Research|

Currencies The rand closes sub-17.0000. Commodities Oil extended its decline below $40 a barrel. Equities S&P futures slide from earlier highs after betting odds for Democrat Joe Biden to win the US election rise following the first debate.   Date Region Event Actual/Expected/Prior Implications 29/09 SA Unemployment 23.3%/34.9%/30.1% Q2 unemployment rate fell to 23.3%. 30/09 [...]

Daily Market Commentary Flash Note – 29 September 2020

By | 2020-09-29T09:06:29+02:00 September 29th, 2020|Markets and Research|

Currencies The rand holds steady overnight. Commodities Oil edged lower toward $40 a barrel; Gold held an advance. Equities Top 40 kicking the week off on the front foot with a 2.08% gain.   Date Region Event Actual/Expected/Prior Implications 29/09 SA Unemployment --/34.8%/30.1% Increase in unemployment rate to 34.8% expected in Q2. 30/09 SA CPI [...]

Daily Market Commentary Flash Note – 7 September 2020

By | 2020-09-07T09:45:06+02:00 September 7th, 2020|Markets and Research|

Currencies The rand remains range-bound.  Commodities Oil extended its retreat below $40 a barrel. Equities Expect a fairly quiet session with the US closed for a public holiday.   Date Region Event Actual/Expected/Prior Implications 08/09 SA GDP --/-47.2%/-2% The economy is expected to contract by -47% due to the lockdown restrictions imposed. 10/09 EZ ECB [...]

Daily Market Commentary Flash Note – 17 August 2020

By | 2020-08-17T10:09:19+02:00 August 17th, 2020|Markets and Research|

Currencies Local lockdown measures eased. Commodities Oil edged higher above $42 a barrel; Gold dropped for a second day as investors weighed the uptick in real yields. Equities Asian markets start the week mixed as the PBoC’s injection of USD100bn of liquidity into the Chinese financial system balanced investor concern of increased tensions with the [...]

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%. [...]