Global equity markets

Daily Market Commentary Flash Note – 11 August 2020

By | 2020-08-11T09:38:58+02:00 August 11th, 2020|Markets and Research|

Currencies The rand recovers from its worst levels. Commodities Oil pushed higher; Gold fell for a third straight day as the dollar firmed. Equities SA markets look to play catch-up as global equity markets rally.   Date Region Event Actual/Expected/Prior Implications 12/08 UK GDP --/-20.7%/-2.2% Economy expected to have contracted by 20.7% in Q2 due [...]

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 – 21 July 2020

By | 2020-07-21T09:17:25+02:00 July 21st, 2020|Markets and Research|

Currencies EU agrees on an economic recovery package. Commodities Oil held steady; Precious metals little unchanged. Equities Global equity markets are higher on hopes of a COVID-19 vaccine.   Date Region Event Actual/Expected/Prior Implications 23/07 SA SARB Interest Rate --/3.50%/3.75% Expectations that the Reserve Bank will cut interest rates by 25bps at the back of [...]

Daily Market Commentary Flash Note – 30 June 2020

By | 2020-06-30T09:35:31+02:00 June 30th, 2020|Markets and Research|

Currencies Local unit holds steady as we head into half-year. Commodities Oil edged lower in Asia after jumping the most in almost two weeks on Monday. Equities Global equity markets rise despite a surge in coronavirus cases over the weekend.   Date Region Event Actual/Expected/Prior Implications 30/06 SA GDP --/-0.8%/-0.5% Expected to contract by 4% [...]

Daily Market Commentary: 22 May 2020

By | 2020-06-10T11:33:09+02:00 May 22nd, 2020|Markets and Research|

Today we are taking a look at: SAGB yield curve flattens sharply as the SARB MPC was less dovish than market expectations, front end yields rise SARB cuts by 50BPS Oil retreated from the highest level in more than two months US-China tensions ratchet up, seeing risk-off trade across global equity markets into the long [...]

Daily Market Commentary: 8 May 2020

By | 2020-06-10T11:36:02+02:00 May 8th, 2020|Markets and Research|

Today we are taking a look at: Bull flattener persists in the SAGB yield curve as risk appetite improves, with yields sharply lower in the long end, short-end lags the rally Market focus on US data today Oil headed for its first back-to-back weekly gain since February; Gold steady The dislocation between asset prices and [...]