Daily Market Commentary Flash Note – 14 August 2020

By | 2020-08-14T09:59:17+02:00 August 14th, 2020|Markets and Research|

Currencies The rand holds steady sub-17.5000. Commodities Gold headed for the first weekly drop in ten weeks. Equities The JSE and global markets eased lower after stimulus-package talks in the US stalled and a number of companies reported disappointing earnings.   Date Region Event Actual/Expected/Prior Implications 14/08 EZ GDP --/-12.1%/-12.1% Economy expected to contract 12.1% [...]

Daily Market Commentary: 13 March 2020

By | 2020-06-10T11:50:28+02:00 March 13th, 2020|Markets and Research|

Today we are taking a look at: USTs gave up a heavy portion of gains despite the Fed announcing a massive series of $500 billion term repo operations, all assets are under significant pressure and recessions are imminent in our view; SAGB yields almost 50bps higher across the curve yesterday Rand price action extreme as [...]

Daily Market Commentary: 14 February 2020

By | 2020-06-10T14:08:48+02:00 February 14th, 2020|Markets and Research|

Today we are taking a look at: Local market focus now shifts to the budget Oil headed for its first weekly gain since early January whilst Gold headed for the third weekly gain The JSE ends the day little changed, and global markets trade lower on renewed coronavirus concerns If you are looking for [...]

Daily Market Commentary: 31 January 2020

By | 2020-06-10T14:14:09+02:00 January 31st, 2020|Markets and Research|

Today we are taking a look at: Risk trading better after WHO calms the nerves on Coronavirus. ZAR recovers from a R14.85/$ high, with SAGBs opening unchanged after a choppy trading day yesterday Eskom falters again Oil jumped after the World Health Organization said there’s no need for travel and trade bans Gold and platinum [...]