Daily Market Commentary Flash Note – 21 September 2020

Currencies
Rand holds steady towards the recent lows
Commodities Oil steadied following its biggest weekly gain since June.
Equities

HSBC Holdings plc’s shares fell to the lowest since 1995 as money-laundering accusations flared up again.

 

Date Region Event Actual/Expected/Prior Implications

23/09

EZ Manufacturing PMI

–/51.9/51.7

Higher frequency data pointing towards an uptick.

23/09

UK Manufacturing PMI

–/54/55.2

Withdrawal of stimulus packages in the restaurant industry and risks relating to a rise in covid-19 cases points to a decline in September.

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

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Source: Nedbank

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By | 2020-09-21T09:52:16+02:00 September 21st, 2020|Markets and Research|0 Comments

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