SARB

Daily Market Commentary Flash Note – 16 September 2020

By | 2020-09-16T09:19:00+02:00 September 16th, 2020|Markets and Research|

Currencies USDZAR trades steadily firmer. Commodities Oil prices rose; Gold steadied as investors await the outcome of the Federal Reserve meeting. Equities Global stocks consolidate into a busy latter half of the week with the FED tonight, SARB and Futures closeout tomorrow and both US Quadruple witching and FTSE rebalance on Friday.   Nedbank CIB [...]

CIB Fireside chat episode 2: The outlook of the domestic economy, foreign exchange and interest rates

By | 2020-09-08T11:32:39+02:00 September 8th, 2020|Markets and Research|

Our second Fireside Chat between Avinash Kalkapersad, Head of Global Markets Research, and Walter De Wet, Senior Strategy Analyst, looked at the domestic economy, foreign exchange and interest rates. Walter joined Nedbank in 2017 and he leads our macro research offerings. He has made great strides in bringing together a coherent product offering. He has [...]

Daily Market Commentary Flash Note – 29 July 2020

By | 2020-07-29T09:43:03+02:00 July 29th, 2020|Markets and Research|

Currencies USD stumbles as all focus on FOMC meeting. Commodities Oil held a loss to trade near $41 a barrel. Equities Global markets are mixed as investors await earnings from some of the world’s biggest companies as well as any new developments from the FOMC meeting in the US.   Date Region Event Actual/Expected/Prior Implications [...]

Daily Market Commentary Flash Note – 28 July 2020

By | 2020-07-28T09:19:58+02:00 July 28th, 2020|Markets and Research|

Currencies SA granted IMF loan. Commodities Oil held near a four-month high. Equities Global equity markets rise on USD1tn US relief package.   Date Region Event Actual/Expected/Prior Implications 28/07 US Consumer Confidence --/94.4/98.1 July consumer confidence expected to soften. 29/07 SA CPI --/2.2%/2.1% Headline inflation forecast to remain below SARB lowest target band of 3%. [...]

Daily Market Commentary Flash Note – 27 July 2020

By | 2020-07-27T08:53:35+02:00 July 27th, 2020|Markets and Research|

Currencies Rand posts marginal gains over the weekend. Commodities Oil edged lower after a weekly gain; Spot gold climbed to an all-time high. Equities Gold hits new highs on increased US-China tensions, and fears of a second wave of infections keep global sentiment muted.   Date Region Event Actual/Expected/Prior Implications 28/07 US Consumer Confidence --/94.4/98.1 [...]

Daily Market Commentary Flash Note – 24 July 2020

By | 2020-07-24T08:59:22+02:00 July 24th, 2020|Markets and Research|

Currencies All eyes on the SARB MPC today. Commodities Oil held losses near $41 a barrel; Gold traded near $1,900 an ounce. Equities Risk-off sentiment across global markets as US-China tensions rise; the next round of US stimulus looks to disappoint; and Big Tech sells off.   Date Region Event Actual/Expected/Prior Implications 23/07 SA SARB [...]