Daily Market Commentary Flash Note – 17 August 2020

Currencies

Local lockdown measures eased.

Commodities

Oil edged higher above $42 a barrel; Gold dropped for a second day as investors weighed the uptick in real yields.

Equities Asian markets start the week mixed as the PBoC’s injection of USD100bn of liquidity into the Chinese financial system balanced investor concern of increased tensions with the US.

 

Date Region Event Actual/Expected/Prior Implications

17/08

JN

GDP SA QoQ

-7,80%/-7,50%/-0,6% GDP came in lower than market expected.

17/08

JN Industrial Production YoY -18,20%/-/-17,70%

Production levels lower than prior as a result of lockdown impacts on production.

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

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Source: Nedbank

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By | 2020-08-17T10:09:19+02:00 August 17th, 2020|Markets and Research|0 Comments

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