Daily Market Commentary Flash Note - 3 August 2020

Currencies

Demand for dollars drives the rand above 17.0000.

Commodities

Oil edged lower near $40 a barrel.

Equities

Expect to see some local bottom fishing in the Banks which ended the day -4%.

Date

Region

Event

Actual/Expected/Prior

Implications

03/08

Global

Manufacturing PMI

—

Data to reveal whether the rebound in business activity has been sustained.

04/08

PPI

–/-3.9%/-5.0%

June PPI expected to rise 0.6% on a monthly basis.

05/08

Retail Sales

–/0.2%/-5.1%

Expected to increase 0.2% on an annual basis.

06/08

BOE Interest Rate

–/0.1%/0.1%

Expected to remain unchanged.

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

Source: Nedbank

If you are looking for other relevant market commentary, you might find Markets and Research relevant as well.

For more info, get in touch with us here

Daily Market Commentary Flash Note – 3 August 2020