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

UK CPI

—/0.6%/0.6%

Likely to remain steady.

19/08

EZ 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

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Source: Nedbank

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By | 2020-08-18T10:16:37+02:00 August 18th, 2020|Markets and Research|0 Comments

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