Daily Market Commentary Flash Note - 18 September 2020

Currencies

The rand reaches the 16.2000 technical objective.

Commodities

Oil is poised for its biggest weekly advance since early June with Saudi Arabia ratcheting up the pressure on OPEC+ members.

Equities

Asian markets are mixed after a modest improvement in US jobless claims continued to see rotation out of global tech into value.

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

Source: Nedbank

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Daily Market Commentary Flash Note – 18 September 2020