Daily Market Commentary Flash Note – 23 September 2020

Currencies

USD posts gains across the board.

Commodities

Oil resumed declines; Gold steadied near the lowest close in two months.

Equities

Shares fell in Japan as traders returned from a holiday.

 

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 | 2020-09-23T09:04:29+02:00 September 23rd, 2020|Markets and Research|0 Comments

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