Daily Market Commentary Flash Note - 18 August 2020

Currencies

Rand loses ground as risk retreats.

Commodities

Oil edged lower; Gold prices edge up on the back of a weaker dollar.

Equities

Global equity markets rise on China’s stimulus.

Date

Region

Event

Actual/Expected/Prior

Implications

19/08

CPI

—/0.6%/0.6%

Likely to remain steady.

19/08

CPI

–/0.4%/0.3%

Higher inflation at the back of increased prices due to the delay in sales season.

21/08

Global

Manufacturing PMI

—

Improvements in PMI data expected due to easing of COVID-19 containment measures.

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

Source: Nedbank

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Daily Market Commentary Flash Note – 18 August 2020