Daily Market Commentary Flash Note – 1 September 2020

Currencies

Rand endures a tough session.

Commodities
Oil prices rose in early trade on Tuesday, reversing overnight losses.
Equities

Global equity markets closed firmly in the red.

 

Date Region Event Actual/Expected/Prior Implications

31/08

SA Trade Balance

37.4b/12.5b/45.7b

Trade surplus narrowed as easing of coronavirus restrictions resulted in increased imports.

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 | 2020-09-01T09:51:34+02:00 September 1st, 2020|Markets and Research|0 Comments

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