Daily Market Commentary Flash Note – 31 August 2020

Currencies USDZAR stages significant recovery.
Commodities

Oil traded near $43 a barrel; Gold climbed for a second day.

Equities

Global markets trade higher as risk-on sentiment improves with economies around the globe bouncing back from their lockdowns.

 

Date Region Event Actual/Expected/Prior Implications

31/08

SA Trade Balance –/12.5b/46.6b Another surplus expected at the back of healthy trade terms and import demand.

01/09

EZ CPI –/0.2%/0.4%

Lower inflation expected at the back of lower clothing prices in August.

02/09

UK House Prices

–/2.0%/1.5%

Increase in market activity expected at the back of easing lockdown restrictions and cuts in property taxes.

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

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Source: Nedbank

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By | 2020-08-31T08:52:52+02:00 August 31st, 2020|Markets and Research|0 Comments

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