Oil price woes continue to dominate markets
President Cyril Ramaphosa outlined an R500 billion relief and stimulus package last night aimed at supporting small businesses as well as the poor.
Maybe a time to take a step back!
Over the past week, we saw the Rand giving up most of the gains of the previous week. One of the main reasons for the Rand weakness was the surprise cut of the Repo rate by the SARB
Collapse in Oil unnerved markets
The big story overnight was in the collapse of the May futures price for West Texas Intermediate oil. The price settled at negative $37.63 per barrel last night
Markets treading water as they await moves to re-open US economy
Markets are treading water at the moment as they await the moves to re-open the US economy. Currencies are range-bound this morning
Oil price remains under pressure
Markets in the Far East are positive this morning, buoyed by Donald Trump’s 3 phase plan to re-open the US economy and news of signs of success in a COVID-19 treatment drug
IMF expressed confidence that South Africa’s resilience will see it overcome impact of Coronavirus
Risk aversion and a flight to safety dominate markets after US Retail sales declined by a record
Filling in the blanks… as we go along
As we enter the third week of lockdown in South Africa, there are a lot more questions than answers. Most of the answers are also only guesstimates at best as we plot the chart
Mr Price appoints TreasuryONE as their TMS Service Provider
TreasuryONE, the market leader in treasury systems solutions, is pleased to announce that Mr Price has selected its Technology Services to support their treasury operations.
We start the new trading week on a positive note as a cautious risk on mood prevails
TreasuryONE We start the new trading week on a positive note as a cautious risk on mood prevails. The Dollar is softer this morning
Oil price is steady ahead of today’s OPEC meeting
Yesterday was a day of relative calm in most markets with cautious trade in European and Asian time and then some positivity returning to markets in New York.