oil

Daily Market Commentary Flash Note – 19 October 2020

By | 2020-10-29T09:18:29+02:00 October 29th, 2020|Markets and Research|

Currencies Rand loses ground as the MTBPS disappoints. Commodities Oil held near a four-week low; Gold little changed. 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 3.0%/3.0%/3.1% Headline inflation slowed to 3% in line [...]

Daily Market Commentary Flash Note – 26 October 2020

By | 2020-10-26T09:07:03+02:00 October 26th, 2020|Markets and Research|

Currencies Rand posts steady gains over the last week. Commodities Oil extended its slide to a second day; Gold eased to an over one-week low. Equities Busy week for global earnings… Facebook, Apple, BP, GE, Caterpillar; locally: FBR, ANH, AFT, SSW, IAP, GLN, IMP, MTN and MNK…miners’ quarterly sales updates.   Date Region Event Actual/Expected/Prior [...]

Daily Market Commentary Flash Note – 19 October 2020

By | 2020-10-19T09:56:55+02:00 October 19th, 2020|Markets and Research|

Currencies Rand holds steady around the 16.50 level. Commodities Oil was steady near $41; Gold steady. Equities A revived chance of a US stimulus deal before the November election does see risk assets bid this morning; Chinese GDP missed estimates but the underlying recovery is still intact.   Date Region Event Actual/Expected/Prior Implications 21/10 UK [...]

Daily Market Commentary Flash Note – 12 October 2020

By | 2020-10-14T12:21:54+02:00 October 12th, 2020|Markets and Research|

Currencies Rand holds steady around the 16.5000 level. Commodities Oil dropped for a second; Gold held the biggest advance since mid-August. Equities Investors will monitor the yuan’s movements on Monday, after the PBoC announced a rule change that made it cheaper to short the yuan.    Date Region Event Actual/Expected/Prior Implications 12/10 SA Manufacturing Production [...]

Daily Market Commentary Flash Note – 9 October 2020

By | 2020-10-14T12:21:12+02:00 October 9th, 2020|Markets and Research|

Currencies Trump comments provide support for emerging markets. Commodities Oil is poised for the biggest weekly gain since June. Equities Global equities are edging back toward last month’s all-time high as investors are increasingly betting that a Joe Biden victory in the election and gains by Democrats in Congress will support stocks.   Date Region [...]