SA CPI

Daily Market Commentary Flash Note – 25 June 2020

By | 2020-06-25T10:31:27+02:00 June 25th, 2020|Markets and Research|

Currencies Rand falters after budget adjustment speech. Commodities Oil prices inched up in early trading. Equities Global trade concerns and new COVID-19 cases weighed on investor sentiment. Date Region Event Actual/Expected/Prior Implications 24/06 SA CPI 3.0%/3.0%/4.1% Rate dropped to 3.0% in April from 4.1% in March. 25/06 SA PPI --/1.9%/3.3% Expected to drop to 1.9%. [...]

Daily Market Commentary Flash Note 24 June 2020

By | 2020-06-24T09:51:42+02:00 June 24th, 2020|Markets and Research|

Currencies All eyes on the adjustment budget. Commodities Oil edged lower; Gold futures climbed for a fourth session Equities Global markets trade mostly higher, with improving economic data boosting sentiment.   Date Region Event Actual/Expected/Prior Implications 23/06 SA Unemployment 30.1%/29.7%/29.1% Unemployment rate increased to 30.1%. 23/06 EZ Manufacturing PMI 46.9/45.0/39.4 PMI readings picked up to [...]

Daily Market Commentary: 23 April 2020

By | 2020-06-10T11:37:16+02:00 April 23rd, 2020|Markets and Research|

Today we are taking a look at: The rand holds steady around the 19.0000 level Gold held the biggest advance in almost two weeks Global equity markets traded higher as some countries talked about easing lockdown measures while others announced stimulus packages SA CPI fell to 4.1% y/y in March, from 4.6% in February, better [...]

Daily Market Commentary: 19 March 2020

By | 2020-06-10T11:49:59+02:00 March 19th, 2020|Markets and Research|

Today we are taking a look at: Markets now await the SARB MPC Oil rebounded after plunging to the lowest level in 18 years; Gold headed for the lowest close in three months as the dollar soared to a record Equity markets lost ground with investors shrugging off stimulus by central banks as COVID-19 continues [...]

Daily Market Commentary: 23 January 2020

By | 2020-06-10T14:17:06+02:00 January 23rd, 2020|Markets and Research|

Today we are taking a look at: SAGBs lag the move in ZAR, as EM FX trades well overall, risk trades mildly on the back foot this morning USDZAR posts steady gains Oil prices fell to their lowest in seven weeks; Gold prices held steady on Thursday Global equity markets remained cautious amid the coronavirus [...]

Daily Market Commentary: 12 December 2019

By | 2020-06-10T14:22:38+02:00 December 12th, 2019|Markets and Research|

Today we are taking a look at: The Fed gives risk a bid with USD weakness in particular and ZAR strengthens, SAGBs open a touch stronger and drag yields down to greenshoe levels Focus to be on UK elections Oil prices edged higher with the market mood switching to relief as OPEC forecast a supply [...]