Daily Market Commentary Flash Note - 4 August 2020

Currencies

Emerging markets retreat across the board.

Commodities

Oil declined after the biggest gain in two weeks.

Equities

Positive momentum persists in global equity markets.

Date

Region

Event

Actual/Expected/Prior

Implications

04/08

PPI

–/-3.8%/-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

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Daily Market Commentary Flash Note – 4 August 2020