Perfect Storm
With lockdown in South Africa, the scenes in cities could resemble the start of a horror movie with empty streets the opening scene and one expecting some eerie music to start playing in the backg
Covid-19 fears continue to hang over markets
Global equity markets had a positive day yesterday after the sell-off on Friday however, Covid-19 fears continue to hang over markets. The Dow was up 3.19
SA’s historic first day of national lockdown
South Africa’s historic first day of national lockdown sees very quiet streets and highways but largely unchanged local and global markets. Asian stocks are trading in positive territory
Final day before the 21-day lockdown
As we enter the final day before the 21-day lockdown here in South Africa the Rand clawed back some of its losses in overnight trade, trading in the mid- R17.20’s at one stage
Senate agreed on the stimulus package
Markets had their best day in quite a while yesterday as the Fed’s moves for unlimited QE gave markets some support. The Covid-19 numbers, however, remain a major concern
President Ramaphosa announced a national
Last night, President Cyril Ramaphosa announced a national lockdown for a period of 21 days effective as of midnight on Thursday the 26th.
Covid-19 pandemic effects continue
The Covid-19 pandemic effects continue to drive total risk aversion in all markets. US equities closed down again on Friday and US
SARB surprised markets with repo rate cut
The South African Reserve Bank surprised the markets yesterday with a 100bp repo rate cut to 5.25% from 6.25%
It is rather gloomy in financial markets…
Yesterday saw massive selling of all assets and a huge surge in demand for the mighty greenback as liquidity concerns and continuing fears over the Covid-19 pandemic
Dollar surged yesterday
The Dollar surged yesterday on investors piling into the greenback as more European countries shut down and fear over a shortage of Dollars. The Dollar touched 1.0950 best levels against the Euro