Daily Market Commentary Flash Note – 17 July 2020

Currencies	Global tension sees risk trade weaker
Commodities	Oil held losses in Asia after a U.S. jobs report
Equities	Equity markets traded lower as global growth concerns, combined with increased COVID-19 infections and US- China tensions, weighed on sentiment

Date	Region	Event	Actual/Expected/Prior	Implications

16/07	UK	Unemployment Rate	3.9%/4.2%/3.9%	Unemployment rate for the three months to May remained stable at 3.9%
16/07	EZ	ECB Rate Decision	0.0%/0.0%/0.0%	Benchmark interest rate kept unchanged at 0%