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 – 13 July 2020

By | 2020-07-14T10:25:50+02:00 July 13th, 2020|Markets and Research|

Currencies The rand holds steady, for now. Commodities Oil dropped ahead of an OPEC+ meeting this week. Equities Asia Pacific is taking its lead from the US, with all markets across the region trading higher.   Date Region Event Actual/Expected/Prior Implications 14/07 EZ Industrial Production --/-19.5%/-28.0% Set to rebound in May at the back of [...]

Daily Market Commentary Flash Note 8 June 2020

By | 2020-06-22T10:02:42+02:00 June 8th, 2020|Markets and Research|

Fixed Income Sharply steeper SAGB yield curve in thin liquidity, driven by swap payers in the long-end Currencies The rand holds steady around 16.8000 Commodities Oil climbed following a sixth weekly increase after OPEC and its allies agreed to extend production curbs Equities MSCI EM had its best week since 2011; positive sentiment is poised [...]

Daily Market Commentary: 9 March 2020

By | 2020-06-10T14:03:47+02:00 March 9th, 2020|Markets and Research|

Today we are taking a look at: SAGBs continue to trade poorly amid global risk off, yield sharply higher this morning Price war in crude oil causes chaos Oil markets crashed more than 30% after the disintegration of the OPEC+ alliance; Gold rallied above $1,700 an ounce as a global rush into havens intensified Oil [...]

Daily Market Commentary: 10 February 2020

By | 2020-06-10T14:09:19+02:00 February 10th, 2020|Markets and Research|

Today we are taking a look at: Tough trading day for SAGBs in thin volume as the bear steepening continues after the nonfarm payrolls beat, SAGB yields higher, following the weaker ZAR Rand recovers from worst levels Oil hovered around $50 a barrel on signs an extraordinary OPEC+ meeting to decide on further production cuts; [...]

Daily Market Commentary: 7 February 2020

By | 2020-06-10T14:09:26+02:00 February 7th, 2020|Markets and Research|

Today we are taking a look at: Risk continues to rally and this feeds through into SA but SAGBs pare back earlier gains as a result of local SOE woes All eyes on the U.S data today Oil pared its fifth straight weekly loss on optimism that OPEC+ will deepen output We expect profit taking [...]