| Currencies |
|
The rand succumbs to risk-off markets.
|
|
| Commodities |
|
Oil pared some losses; Gold and base metals edge lower.
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| 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. |
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| Date |
Region |
Event |
Actual/Expected/Prior |
Implications |
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|
EZ |
Manufacturing PMI |
|
|
Higher frequency data pointing towards an uptick.
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|
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.
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Nedbank CIB Market Commentary | CIBMarketComm@Nedbank.co.za | +27 11 537 4091
C98A392B-3C48-4459-BAEA-E4724454DDFB
Source: Nedbank
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