Oil Prices

Daily Market Commentary Flash Note – 28 October 2020

By | 2020-10-28T08:52:19+02:00 October 28th, 2020|Markets and Research|

Currencies All eyes on the finance minister today. Commodities Oil prices slid in Asia trade; Gold prices were subdued. Equities US equity futures slide as concerns about rising coronavirus cases put a dampener on growth as vaccine trials stall.    Date Region Event Actual/Expected/Prior Implications 28/10 SA CPI --/3%/3.1% Headline inflation is expected to slow [...]

Daily Market Commentary Flash Note – 23 October 2020

By | 2020-10-23T08:39:35+02:00 October 23rd, 2020|Markets and Research|

Currencies Rand remains resilient. Commodities Oil headed for a slight weekly; Gold prices dipped. Equities The JSE and European markets end lower, while the US and Asian markets trade firmer on the prospect of more fiscal stimulus.   Date Region Event Actual/Expected/Prior Implications 23/10 UK Retail Sales --/3.7%/2.8% Consumers remain cautious at the back of [...]

Daily Market Commentary Flash Note – 22 October 2020

By | 2020-10-22T08:53:11+02:00 October 22nd, 2020|Markets and Research|

Currencies Rand posts gains and holds steady. Commodities Oil prices dropped in early trade. Equities US earnings – 85% beat on earnings out of the 84 companies that have reported so far, with tech in vogue this week.   Date Region Event Actual/Expected/Prior Implications 22/10 US Initial Jobless Claims --/865k/898k Jobless claims to come in [...]

Daily Market Commentary Flash Note – 20 October 2020

By | 2020-10-20T08:54:56+02:00 October 20th, 2020|Markets and Research|

Currencies Rand fails to consolidate gains sub 16.5000. Commodities Oil prices slipped for a fourth straight day; Gold inched lower. Equities Yesterday, we pretty much saw a reversal of the “sell SA Inc. vs PGMs” theme that dominated last week’s flows.   Date Region Event Actual/Expected/Prior Implications 21/10 UK CPI --/0.6%/0.2% CPI to accelerate to [...]

Daily Market Commentary Flash Note – 14 October 2020

By | 2020-10-14T12:19:57+02:00 October 14th, 2020|Markets and Research|

  Currencies The rand remains rangebound. Commodities Oil prices steady; Gold prices lingered below the key $1,900/ounce. Equities Asian stocks trended lower with the start of the US earnings season and no signs of a quick end to the stalemate over US fiscal stimulus.   Date Region Event Actual/Expected/Prior Implications 14/10 EZ Industrial Production --/0.7%/4.1% [...]

Daily Market Commentary Flash Note – 8 October 2020

By | 2020-10-14T12:18:30+02:00 October 8th, 2020|Markets and Research|

Currencies The rand holds steady. Commodities Oil prices rose as oil workers evacuated rigs in the U.S. Gulf of Mexico. Equities Trump exploring restrictions on Jack Ma’sAnt Groupand Tencent.    Date Region Event Actual/Expected/Prior Implications 10/09 UK GDP --/8.2%/-7.6% The economy is expected to grow by 4.6% on a monthly basis due to the reopening [...]