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%

 

Nedbank CIB Market Commentary | CIBMarketComm@Nedbank.co.za | +27 11 537 4091

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By | 2020-07-17T08:58:16+02:00 July 17th, 2020|Markets and Research|0 Comments

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