Daily Market Commentary Flash Note – 26 August 2020

Currencies A resilient rand holds steady.
Commodities

Oil held at a five-month high as Hurricane Laura bore down on key refining facilities on the US.

Equities US markets make new highs again; Asia less impressed today, trading mostly lower; all eyes on Jackson Hole tomorrow!

 

Date Region Event Actual/Expected/Prior Implications
25/08 US New Home Sales 901k/791k/776k 13,9% increase in new home sales from June as a result of all-time low borrowing costs and short supply of previously owned homes.

26/08

SA CPI YoY

-/ 2,95% / 2,20%

CPI expected to rise on the back of increased economic activity as a result of lockdown restrictions easing.

26/08

US Durable Goods Orders -/ 4,5% / 7,6%

Durable goods represent a leading indicator of investment spending in the economy.

27/08

SA PPI YoY

-/ 1,3%/ 0,5%

PPI likely to rise on increasing fuel costs.

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

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Source: Nedbank

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By | 2020-08-26T09:33:38+02:00 August 26th, 2020|Markets and Research|0 Comments

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