Daily Market Commentary Flash Note – 7 August 2020

Currencies

Trump’s comments elevate market caution.

Commodities

Oil in New York is poised for the biggest weekly gain since early July.

Equities Asian tech names are dragging markets lower on the back of President Trump’s ban of TikTok and WeChat in the US; expect risk-off sentiment amid rising geopolitical tensions.

 

Date Region Event Actual/Expected/Prior Implications
08/06 UK BOE Interest Rate 0.1%/0.1%/0.1%

Remained unchanged.

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

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Source: Nedbank

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By | 2020-08-07T08:24:55+02:00 August 7th, 2020|Markets and Research|0 Comments

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