SARB

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 [...]

WATCH: Will the SARB cut interest rates?

By | 2020-08-03T12:09:22+02:00 July 16th, 2020|Watch This|

Inflation has eased to a near 16-year low, coming in at 2.1% year-on-year in May. This is far below the South African Reserve Bank's target band of 3% to 6%. But is the slowdown enough to prompt the bank to cut interest rates again? Business Day TV caught up with Walter de Wet from Nedbank [...]

Monthly Economics Insights June 2020

By | 2020-06-09T09:27:38+02:00 June 9th, 2020|Markets and Research|

Disclaimer –The views and observations in this report represent the analyst’s own and not the Nedbank Group house view. NedbankGroup house view forecasts are available in the appendix. Lockdown measures ease, stimulus begins to flow and risk appetite improves IMF's WORLD ECONOMIC OUTLOOK In its latest update, the IMF’s World Economic Outlook report painted a [...]