Daily Market Commentary Flash Note – 22 September 2020


The rand succumbs to risk-off markets.


Oil pared some losses; Gold and base metals edge lower.

Equities Global stocks continued their recent selloff as US stimulus, US elections, a second wave of infections in Europe and ongoing tension between the US and China keep risk appetite subdued.


Date Region Event Actual/Expected/Prior Implications


EZ Manufacturing PMI


Higher frequency data pointing towards an uptick.


UK Manufacturing PMI


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


Source: Nedbank

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By | 2020-09-22T10:08:52+02:00 September 22nd, 2020|Markets and Research|0 Comments

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