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 EZ
PPI

–/-3.9%/-5.0%

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

05/08 EZ Retail Sales

–/0.2%/-5.1%

Expected to increase 0.2% on an annual basis.

06/08 UK BOE Interest Rate

–/0.1%/0.1%

Expected to remain unchanged.

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

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Source: Nedbank

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By | 2020-08-03T09:08:51+02:00 August 3rd, 2020|Markets and Research|0 Comments

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