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 | | +27 11 537 4091


Source: Nedbank

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