Rand

Daily Market Commentary Flash Note – 14 August 2020

By | 2020-08-14T09:59:17+02:00 August 14th, 2020|Markets and Research|

Currencies The rand holds steady sub-17.5000. Commodities Gold headed for the first weekly drop in ten weeks. Equities The JSE and global markets eased lower after stimulus-package talks in the US stalled and a number of companies reported disappointing earnings.   Date Region Event Actual/Expected/Prior Implications 14/08 EZ GDP --/-12.1%/-12.1% Economy expected to contract 12.1% [...]

Daily Market Commentary Flash Note – 6 August 2020

By | 2020-08-06T09:41:32+02:00 August 6th, 2020|Markets and Research|

Currencies Rand holds steady around the 17.30 mark. Commodities Oil was steady near a five-month high. Equities Equity markets were buoyed by company earnings, while mining and energy firms benefited from higher commodity prices.   Date Region Event Actual/Expected/Prior Implications 05/08 EZ Retail Sales 1.3%/-0.2%/-5.1% Retail Sales increased by 5.7% on a monthly basis. 06/08 [...]

Daily Market Commentary Flash Note – 5 August 2020

By | 2020-08-05T08:52:19+02:00 August 5th, 2020|Markets and Research|

Currencies Rand recovers after significant sell-off yesterday. Commodities Gold’s scorching rally gathered more force, with prices driven higher into record territory above $2,000 an ounce. Equities Tumbling UST yields send global investors scrambling for growth, seeing the Nasdaq make fresh highs overnight.   Date Region Event Actual/Expected/Prior Implications 05/08 EZ Retail Sales --/0.2%/-5.1% Expected to [...]

Daily Market Commentary Flash Note – 31 July 2020

By | 2020-07-31T09:04:54+02:00 July 31st, 2020|Markets and Research|

Currencies Rand loses ground as the economy falters. Commodities Gold is set for the biggest monthly gain in more than four years. Equities Disappointing earnings reports, poor economic data and a potential delay in the US presidential elections drag markets lower.    Date Region Event Actual/Expected/Prior Implications 31/07 EZ GDP --/-12.1%/-3.6% Expected that the economy [...]

Daily Market Commentary Flash Note – 30 July 2020

By | 2020-07-30T08:57:13+02:00 July 30th, 2020|Markets and Research|

Currencies Rand loses ground as Fed warns of challenges. Commodities Oil held gains in Asia following the biggest drop in stockpiles this year. Equities Corporate earnings, company news and the FOMC shifted focus away from COVID-19 and geopolitical tensions.   Date Region Event Actual/Expected/Prior Implications 29/07 SA CPI 2.2%/2.2%/2.1% Consumer inflation rose at the back [...]

Daily Market Commentary Flash Note – 16 July 2020

By | 2020-07-16T08:40:04+02:00 July 16th, 2020|Markets and Research|

Currencies The rand continues to post gains. Commodities Oil edged lower; Gold held steady. Equities Vaccine hopes buoyed global equity markets.   Date Region Event Actual/Expected/Prior Implications 15/07 UK CPI 0.6%/0.4%/0.5% Annual CPI increased to 0.6% 15/07 SA CPI 2.1%/2.2%/3.0% CPI dropped to 2.1%, below the central banks target range of 3% - 6%. 15/07 [...]