market commentary

Daily Market Commentary Flash Note – 3 July

By | 2020-07-03T10:19:17+02:00 July 3rd, 2020|Markets and Research|

Currencies Rand dips and holds below 17.0000. Commodities Oil slipped but remained on track for a weekly gain. Equities Encouraging global economic data and hopes of a COVID-19 vaccine boost market sentiment.   Date Region Event Actual/Expected/Prior Implications 02/07 US Unemployment 11.1%/12.5%/13.3% June unemployment rate 11.1% better than expectations for 12.5%. Nedbank CIB Market Commentary [...]

Daily Market Commentary Flash Note – 2 July 2020

By | 2020-07-02T13:16:08+02:00 July 2nd, 2020|Markets and Research|

Currencies The rand stages a minor recovery towards the 17.0000 level. Commodities Gold held a decline after positive coronavirus vaccine developments. Equities All eyes are on the US monthly jobs report.   Date Region Event Actual/Expected/Prior Implications 01/07 SA Manufacturing PMI 53.9/49.8/50.2 June PMI rises to 53.9. 02/07 US Unemployment --/12.4%/13.3% June unemployment rate expected [...]

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 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 23 June 2020

By | 2020-06-23T10:20:15+02:00 June 23rd, 2020|Markets and Research|

Currencies Rand holds steady. Commodities Oil edged lower; Gold little unchanged. Equities The Nasdaq closed at record highs, inspiring Asian markets this morning.   Date Region Event Actual/Expected/Prior Implications 23/06 SA Unemployment --/29.7%/29.1% Unemployment rate expected to have increased to 29.7%. 23/06 EZ Manufacturing PMI --/44.8/39.4 Readings expected to pick up following easing of containment [...]