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Daily Market Commentary Flash Note – 14 August 2020

Currencies The rand holds steady sub-17.5000. Commodities Gold headed for the first weekly drop in ten weeks. Equities The JSE and global markets eased lower after stimulus-package talks in the US stalled and a number of companies reported disappointing earnings.   Date Region Event Actual/Expected/Prior Implications 14/08 EZ GDP --/-12.1%/-12.1% Economy expected to contract 12.1% [...]

By | 2020-08-14T09:59:17+02:00 August 14th, 2020|Markets and Research|0 Comments

Daily Market Commentary Flash Note – 13 August 2020

Currencies Local FX markets hold steady. Commodities Gold prices higher; Oil held gains. Equities Equity markets edged higher as investors digested company earnings and economic data.   Date Region Event Actual/Expected/Prior Implications 12/08 UK GDP -20.4%/-20.7%/-2.2% GDP contracted 20.4% in Q2. 12/08 EZ Industrial Production 9.1%/10.0%/12.3% Output increased by 9.1%. 12/08 US CPI 1.0%/0.7%/0.6% Due [...]

By | 2020-08-13T08:50:38+02:00 August 13th, 2020|Markets and Research|0 Comments

CIB Fireside Chat: The impact of Covid-19 on the property sector

Nedbank CIB’s team of analysts is spread across global markets and covers various sectors and asset classes. Recently, we’ve expanded our equity research capacity to align with sectors that are important to the CIB franchise. With a key focus on diversified industrials, telecommunications and media, retail, mining and property, our primary objective is to provide [...]

By | 2020-08-13T06:57:07+02:00 August 13th, 2020|Markets and Research|0 Comments

Daily Market Commentary Flash Note – 12 August 2020

Currencies Gold loses its shine. Commodities Oil held losses; Spot gold sank 2.1% to $1,872.61 an ounce. Equities US stocks declined in late trading after virus-related rescue talks reached a stalemate in Congress that may last until September.   Date Region Event Actual/Expected/Prior Implications 12/08 UK GDP --/-20.7%/-2.2% Economy expected to have contracted by 20.7% [...]

By | 2020-08-12T09:30:14+02:00 August 12th, 2020|Markets and Research|0 Comments

Daily Market Commentary Flash Note – 11 August 2020

Currencies The rand recovers from its worst levels. Commodities Oil pushed higher; Gold fell for a third straight day as the dollar firmed. Equities SA markets look to play catch-up as global equity markets rally.   Date Region Event Actual/Expected/Prior Implications 12/08 UK GDP --/-20.7%/-2.2% Economy expected to have contracted by 20.7% in Q2 due [...]

By | 2020-08-11T09:38:58+02:00 August 11th, 2020|Markets and Research|0 Comments

Daily Market Commentary Flash Note – 7 August 2020

Currencies Trump’s comments elevate market caution. Commodities Oil in New York is poised for the biggest weekly gain since early July. Equities Asian tech names are dragging markets lower on the back of President Trump’s ban of TikTok and WeChat in the US; expect risk-off sentiment amid rising geopolitical tensions.   Date Region Event Actual/Expected/Prior [...]

By | 2020-08-07T08:24:55+02:00 August 7th, 2020|Markets and Research|0 Comments