Markets are still dissecting the Presidential debate
Markets are still dissecting the Presidential debate and awaiting fresh news regarding the stimulus talks.
Copper traded at a more than 2 year high yesterday
Copper traded at a more than 2 year high yesterday, touching $7,000 per ton as there is supply concern from Chile, one of the world’s biggest producers, and demand from China that continues to in
Optimism of a stimulus deal creates a strong risk-on move in markets this morning
There is a relatively strong risk-on move in markets this morning with the Dollar softer, EM currencies firmer, and equity markets positive. The movement is on the back of optimism of a stimulus de
Dow Jones and S&P 500 were down by more than 1.5%, which could send a bit of “risk-off” sentiment through the market
After losing some ground yesterday, the US dollar has had a rather muted start to the trading session. This is in keeping with the lacklustre nature of the market that we have seen.
Market players appear to be reluctant to commit themselves to any form of risk before the US Presidential elections
The Rand is trading mostly unchanged this morning at 16.5400 in a very quiet Asian trading session and in line with other EM markets. We need a sustained break of the 16.5000 level to see possible
Dollar is holding on to yesterday’s gains as the surge in Covid-19 cases, and political uncertainty unsettles investors
President Cyril Ramaphosa presented the Government’s economic reconstruction and recovery plan to Parliament yesterday. The main focus is on job creation, infrastructure spend, reindustrialis
The lack of direction and activity in markets is keeping currencies in narrow ranges
The lack of direction and activity in markets is keeping currencies in narrow ranges. This is mainly due to the uncertainties around the US Presidential election, stimulus talks outcomes, as well a
News to delay the Medium Term Budget Policy Speech until the 28th has not impacted the currency
Surprisingly the Rand is trading stronger this morning at 16.4700 despite a stronger Dollar and softer commodity prices. News overnight that Tito Mboweni has requested Parliament to delay the Mediu
Wall Street posted gains yesterday with the Nasdaq rising 2.56% as polls show Biden leading Trump significantly
Wall Street posted gains yesterday with the Nasdaq rising 2.56% as polls show Biden leading Trump significantly.
Expect global markets to be relatively subdued as US markets are closed today for Columbus Day
US markets will be closed today for the Columbus Day holiday, and we can expect global markets to be relatively subdued. The Rand has weakened slightly this morning as stimulus talks in the US rema