NCIB Markets

Daily Market Commentary Flash Note – 18 September 2020

By | 2020-09-18T09:09:32+02:00 September 18th, 2020|Markets and Research|

Currencies The rand reaches the 16.2000 technical objective. Commodities Oil is poised for its biggest weekly advance since early June with Saudi Arabia ratcheting up the pressure on OPEC+ members. Equities Asian markets are mixed after a modest improvement in US jobless claims continued to see rotation out of global tech into value.   Nedbank [...]

Daily Market Commentary Flash Note – 16 September 2020

By | 2020-09-16T09:19:00+02:00 September 16th, 2020|Markets and Research|

Currencies USDZAR trades steadily firmer. Commodities Oil prices rose; Gold steadied as investors await the outcome of the Federal Reserve meeting. Equities Global stocks consolidate into a busy latter half of the week with the FED tonight, SARB and Futures closeout tomorrow and both US Quadruple witching and FTSE rebalance on Friday.   Nedbank CIB [...]

Daily Market Commentary Flash Note – 11 September 2020

By | 2020-09-11T09:30:53+02:00 September 11th, 2020|Markets and Research|

Currencies The rand again relinquishes its early gains. Commodities Oil headed for its first back-to-back weekly losses since April. Equities ECB leaves rates unchanged, adding no further stimulus, weighing on European markets, while tech stocks drag the US markets lower.   Date Region Event Actual/Expected/Prior Implications 11/09 UK GDP --/6.7%/8.7% The reopening of the hospitality [...]

Daily Market Commentary Flash Note – 10 September 2020

By | 2020-09-10T09:06:19+02:00 September 10th, 2020|Markets and Research|

Currencies The rand stages a modest recovery. Commodities Oil resumed declines after a sharp rebound in the previous session. Equities Global markets are muted after the tech bounce-back following the three-day rout as all focus shifts to the ECB today and US CPI tomorrow.   Date Region Event Actual/Expected/Prior Implications 10/09 EZ ECB Main Refinancing [...]

Daily Market Commentary Flash Note – 9 September 2020

By | 2020-09-09T08:22:45+02:00 September 9th, 2020|Markets and Research|

Currencies Emerging markets on the back foot. Commodities Oil extended losses after its biggest one-day drop in more than two months. Equities Calling -0.5% at the open with a negative bias as investors question whether the move in the US is the start of the bubble bursting.   Date Region Event Actual/Expected/Prior Implications 08/09 SA [...]