Daily Market Commentary Flash Note – 5 August 2020

Currencies

Rand recovers after significant sell-off yesterday.

Commodities

Gold’s scorching rally gathered more force, with prices driven higher into record territory above $2,000 an ounce.

Equities

Tumbling UST yields send global investors scrambling for growth, seeing the Nasdaq make fresh highs overnight.

 

Date Region Event Actual/Expected/Prior Implications
05/08 EZ Retail Sales –/0.2%/-5.1% Expected to increase 6% on a monthly 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 | 2020-08-05T08:52:19+02:00 August 5th, 2020|Markets and Research|0 Comments

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