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
The economic effects of Covid-19 stark reality
The economic effects of Covid-19 became a stark reality yesterday with the release of a raft of Chinese data for January and February, which showed the sharpest fall in over 50 years
President announced national disaster
We are in the midst of a once in a lifetime occurrence, with countries across the world shutting their borders and a lot of amenities. In South Africa, the president has announced the coronavirus a
Panic grows over the impact of Corona
By Andre Botha, Senior Dealer, TreasuryONE Yesterday saw massive selling of most assets in a move into cash and liquid assets as panic grows over the impact of the Coronavirus. Governments are impo
WHO declared Coronavirus a pandemic
The WHO has now declared the Coronavirus a pandemic while Donald Trump has imposed a 30-day travel ban from Europe and placed restrictions on cargo. Trump’s speech sowed more confusion and the ma
Rand continues its rollercoaster ride
The US Governments discussion on fiscal stimulus in the form of economic support for among others, the airline, cruise and shale oil industries, along with a payroll tax cut saw Wall Street and the
Fears of global recession sees volatile markets
By Andre Botha, Senior Dealer, TreasuryONE As analysts attempt to assess the ultimate impact the Coronavirus and now the oil price war will have on the global economy, markets remain under p
Failure by OPEC+ to strike a deal
The failure by OPEC+ to strike a deal over production cuts saw Saudi Arabia take the drastic measure of dropping prices and ramping up production in essence starting a price war. The price of Brent