Daily Market Commentary Flash Note – 19 August 2020

Currencies

Emerging markets stage a modest recovery.

Commodities

Oil prices slid as concerns grew that U.S. fuel demand may not recover quickly.
Equities

US markets make all-time highs as the Democrats moved to meet the Republicans in the middle of the new stimulus bill, and on strong data from the US housing market.

 

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 | 2020-08-19T09:22:37+02:00 August 19th, 2020|Markets and Research|0 Comments

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