Daily Market Commentary Flash Note – 21 August 2020

Currencies
Rand recovers previous session’s losses.
Commodities

Oil is set for a third weekly gain on nascent signs of a demand recovery.

Equities

The disconnect between Tech valuations and the real economy extends overnight as the Nasdaq makes new highs while a surprise increase in jobless claims shows the US economy is battling to bounce back as quickly as the world would be hoping for.

 

Date Region Event Actual/Expected/Prior Implications

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 | 2020-08-21T09:30:08+02:00 August 21st, 2020|Markets and Research|0 Comments

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