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

GDP

-20.4%/-20.7%/-2.2%

GDP contracted 20.4% in Q2.

12/08

Industrial Production

9.1%/10.0%/12.3%

Output increased by 9.1%.

12/08

CPI

1.0%/0.7%/0.6%

Due to increased auto and apparel costs.

12/08

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

Source: Nedbank

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Daily Market Commentary Flash Note – 13 August 2020