Daily Market Commentary Flash Note – 24 August 2020

Currencies

The rand holds ground sub-17.2000.

Commodities

Oil was steady after a third straight weekly gain, Palladium and platinum declined.

Equities

Asian stocks lead global markets higher as President Trump eases the rhetoric around US companies dealing with Tencent’s WeChat; stock is +4%.

 

Date Region Event Actual/Expected/Prior Implications

25/08

GE GDP SA QOQ

-/ -10,10% / -10,10%

25/08

US New Home Sales

-/ 785k / 776k

26/08

SA CPI YOY

-/ 2,90% / 2,20%

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

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Source: Nedbank

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By | 2020-11-23T10:46:43+02:00 August 24th, 2020|Markets and Research|0 Comments

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