Daily Market Commentary Flash Note - 14 August 2020

Currencies

The rand holds steady sub-17.5000.

Commodities

Gold headed for the first weekly drop in ten weeks.

Equities

The JSE and global markets eased lower after stimulus-package talks in the US stalled and a number of companies reported disappointing earnings.

Date	Region	Event	Actual/Expected/Prior	Implications
14/08	EZ	GDP	–/-12.1%/-12.1%	Economy expected to contract 12.1%

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

Source: Nedbank

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Daily Market Commentary Flash Note – 14 August 2020