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Speaker 1: The money show.

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Speaker 2: Is at Investic Treasury Sales and Solutions Mateta. Good evening, Okay,

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Speaker 2: so the jc APP nearly the all share of nearly

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Speaker 2: four percent on the day. Obviously, different indices reacting in

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Speaker 2: different ways, but it is what we saw today. A

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Speaker 2: bit of a sugar u ish maybe.

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Speaker 1: Yeah, good evening. You know, I suppose you know, when

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Speaker 1: you look at this, there's a sense of relief, even

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Speaker 1: if it's temporary, but you know, it is almost palapable.

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Speaker 1: The markets, you know, they're taking a bit of a breather,

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Speaker 1: especially from the risk of escalating conflict and the surging

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Speaker 1: oil presses. But you know, nonetheless, as much as we

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Speaker 1: heard about the seeds fire late last night, there are

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Speaker 1: reports of hostilities are still continuing even after the announcement

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Speaker 1: of the two week seeds fire. I suppose markets are

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Speaker 1: cautiously optimistic about the seed fire and obviously the possible

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Speaker 1: opening of the Strait of Humus. I mean, details remain

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Speaker 1: really scant on how the reopening will be carried out,

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Speaker 1: but I suppose now the markets will be really fixated

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Speaker 1: on Friday, you know, with Pakistan tanning to host these

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Speaker 1: peace negotiations between the US and the Iran.

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Speaker 2: A big part of this, obviously is oil prices, and

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Speaker 2: I mean in a way that kind of dictates everything else,

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Speaker 2: doesn't it.

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Speaker 1: Sure. I mean, we've seen oil, you know, pulling back

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Speaker 1: almost seventeen percent on the back of this news. You've

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Speaker 1: seen the rants jumping up about three percent on the

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Speaker 1: back of this, Like you said, even the equity market also,

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Speaker 1: you know, jumping about close to five six percent on

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Speaker 1: the day. You know, it's a feel good story. But nonetheless,

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Speaker 1: I mean, the problem is that oil is still hovering

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Speaker 1: around that ninety dollars a barrel that is still going

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Speaker 1: to be a bit expensive for the consumer. Nonetheless, I mean,

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Speaker 1: you know, the problem is, you know, with all these hostilities,

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Speaker 1: I think the market is somewhat keeping one eye as

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Speaker 1: to is it really a sugar rush moment that we're

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Speaker 1: having or are we really going to have a ceasfire

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Speaker 1: And obviously something that will be permanent, and then you know,

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Speaker 1: getting the oil flowing, and obviously the infrastructure that has

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Speaker 1: been damaged and how to repair that that's also going

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Speaker 1: to be something that the you know, energy supply market

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Speaker 1: will be looking at. But nonetheless, I mean, you know,

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Speaker 1: if you think about it, two weeks ago we were

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Speaker 1: talking about one hundred and twenty dollars a barrel possibly

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Speaker 1: and now we back at ninety dollars a barrel. So

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Speaker 1: it just shows you that, you know, the situation is

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Speaker 1: really fluid and things can change in the space of

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Speaker 1: a few minutes.

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Speaker 2: A big part of this, obviously is also the rand.

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Speaker 2: I mean, clearly the big winner from the day. I mean,

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Speaker 2: there can be no doubt.

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Speaker 1: Yeah, very much so. I mean, you know, I think

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Speaker 1: we have jumped about three percent. It's the most on

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Speaker 1: an inch a day basis since November twenty twenty three.

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Speaker 1: You know, the mere fact that we really struggled to

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Speaker 1: break above seventeen twenty seventy twenty five levels on the

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Speaker 1: back of this war really did feel like it was

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Speaker 1: really capped. I mean, I think the exporters in the

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Speaker 1: in the mining sector, they did really well by making

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Speaker 1: sure that they can at least offload some of the

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Speaker 1: revenue that they get in the dollars, especially with the

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Speaker 1: weaker round. I think it you know, there was a

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Speaker 1: lot of you know, supply there. But nonetheless, I mean,

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Speaker 1: you know, for the rand, we got down to sixteen

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Speaker 1: twenty eight call it this afternoon, I really think we

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Speaker 1: need a fresh set of good news for us to

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Speaker 1: see us going below maybe touching the sixteen ten and

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Speaker 1: possibly the sixteen handle. But nonetheless, I mean, you know,

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Speaker 1: the next focus for now this evening is the FMC minute.

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Speaker 1: I don't think the market will really be too fixated

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Speaker 1: on that. Like I said, I think the next big

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Speaker 1: thing for the rand it will give direction is Friday's

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Speaker 1: you know, peace negotiations. Then let's see if we get

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Speaker 1: good news there, possibly we start talking about sixteen ten

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Speaker 1: and maybe fifteen eighty like we saw it a few

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Speaker 1: weeks ago.

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Speaker 2: Sure, Mattete, thank you, Matete. To lare hopefully not overdoing

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Speaker 2: the sugars and a from investing Treasury sales and Solutions