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Daily Market Commentary Flash Note – 8 July 2020

By | 2020-07-08T10:13:14+02:00 July 8th, 2020|Markets and Research|

Currencies Global uncertainty sees emerging markets on the back foot. Commodities Oil fell for a third day with rising virus infections in the US. Equities A nervous tone returns to global markets as the Eurozone warns of a deeper recession; The US addresses the HKD/USD peg and US stocks sell off on increased COVID-19 concerns. [...]

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 [...]

Daily Market Commentary: 16 April 2020

By | 2020-06-10T11:44:25+02:00 April 16th, 2020|Markets and Research|

Today we are taking a look at: USD rebounds as oil recovery falters Gold held a modest decline from the highest level in seven years; Oil was anchored near $20 a barrel after closing at an 18-year low Virus worries re-emerged as first-quarter earnings kicked off and investors got a sense of the economic impact [...]

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 [...]

Daily Market Commentary: 16 October 2019

By | 2020-06-22T10:15:41+02:00 October 16th, 2019|Markets and Research|

Today we are taking a look at: Another lacklustre day in SA rates yesterday as the action remains in FX, yields marginally higher after the weekly auction Emerging markets retreat as the USD recovers Crude edged up in Asian trading as investors pinned hopes on a potential Brexit deal between Britain and the European Union [...]

Daily Market Commentary: 19 July 2019

By | 2020-06-22T10:45:54+02:00 July 19th, 2019|Markets and Research|

Today we are taking a look at: ·       SARB cut viewed as cautious by the market, yields decline nonetheless ·       USD on the back foot on Fed’s interest rate outlook ·       Oil snapped four days of losses after an American warship downed an Iranian drone near the Strait of Hormuz, stoking concerns crude flows from [...]