Daily Market Commentary Flash Note – 2 September 2020

Currencies

The rand holds steady despite a USD recovery.

Commodities

Oil advanced for a second day after a report showed a further drop in US stockpiles.

Equities

US tech makes new highs, US/China TikTok sale heats up into the 15 September deadline and Prosus gets included in the Euro Stoxx 50.

 

Date Region Event Actual/Expected/Prior Implications

01/09

EZ CPI

-0.2%/0.2%/0.4%

Inflation came in at -0.2%, hitting a record low due to lower demand and discounted sales.

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 | 2020-09-02T09:57:20+02:00 September 2nd, 2020|Markets and Research|0 Comments

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