Daily Market Commentary Flash Note - 6 August 2020

Currencies

Rand holds steady around the 17.30 mark.

Commodities

Oil was steady near a five-month high.

Equities

Equity markets were buoyed by company earnings, while mining and energy firms benefited from higher commodity prices.

Date

Region

Event

Actual/Expected/Prior

Implications

05/08

Retail Sales

1.3%/-0.2%/-5.1%

Retail Sales increased by 5.7% on a monthly 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 – 6 August 2020