Daily Market Commentary Flash Note – 20 August 2020

Currencies

USD recovers lost ground after FOMC.

Commodities

Oil declined from a five-month high.

Equities

Investors focused on European markets picking up risk assets that have lagged the market recovery.

 

Date Region Event Actual/Expected/Prior Implications

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 | 2020-08-21T09:24:15+02:00 August 20th, 2020|Markets and Research|0 Comments

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