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.
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
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.
Slowing rate of spread of Coronavirus tempered by rising number of deaths which turned markets cautious
The positive sentiment that prevailed in markets for most of yesterday dissipated late in New York as a touch of risk aversion returned.
SARB cut its growth forecasts due to Covid-19
The Reserve Bank’s bi-annual monetary policy review presented yesterday painted a dismal picture of the economic outlook for the country. The SARB cut its growth forecasts for 2020
SARB cut its growth forecasts for 2020 and 2021 due to the impact of the COVID-19 pandemic and the current lockdown
The Reserve Bank’s bi-annual monetary policy review presented yesterday painted a dismal picture of the economic outlook for the country.