Daily Market Commentary Flash Note – 31 July 2020


Rand loses ground as the economy falters.


Gold is set for the biggest monthly gain in more than four years.


Disappointing earnings reports, poor economic data and a potential delay in the US presidential elections drag markets lower. 


Date Region Event Actual/Expected/Prior Implications
31/07 EZ GDP


Expected that the economy will contract by 12% at the back of covid-19 containment measures.

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


Source: Nedbank

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By | 2020-07-31T09:04:54+02:00 July 31st, 2020|Markets and Research|0 Comments

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