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 to increased auto and apparel costs.
12/08 SA Retail Sales

-7.5%/-5%/-11.9%

Sales fell by 7.5%, worse than consensus for a 5% decline. 

 

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

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Source: Nedbank

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

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