Rand

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 – 16 October 2020

By | 2020-10-16T08:37:33+02:00 October 16th, 2020|Markets and Research|

Currencies The rand on the back foot as risk aversion dominates. Commodities Oil headed for a modest weekly; Gold is steady in early Asian trade. Equities A big reversal in SA Inc. following Ramaphosa’s speech and banks bounced 3.2% odd from the day’s lows.   Date Region Event Actual/Expected/Prior Implications 16/10 EZ CPI --/-0.3%/-0.3% Lower [...]

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 [...]