Daily Market Commentary Flash Note – 17 September 2020


Rand loses ground on the Fed’s outlook.

Oil edged below $40 a barrel with a stronger dollar after the biggest surge since June following a surprise drop in US crude stockpiles.

S&P futures trading -2% from our close, and DXY trading higher at 93.50. Tencent -1.8%, while commodities all lower: oil -1.5% and gold -0.9%.


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


Source: Nedbank

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By | 2020-09-17T09:23:01+02:00 September 17th, 2020|Markets and Research|0 Comments

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