Daily Market Commentary Flash Note – 29 September 2020

Currencies

The rand holds steady overnight.

Commodities

Oil edged lower toward $40 a barrel; Gold held an advance.

Equities

Top 40 kicking the week off on the front foot with a 2.08% gain.

 

Date Region Event Actual/Expected/Prior Implications

29/09

SA Unemployment

–/34.8%/30.1%

Increase in unemployment rate to 34.8% expected in Q2.

30/09

SA CPI

–/3.1%/3.2%

Slowing inflation reflecting drop in oil prices over the year.

30/09

UK GDP

–/-20.4%/-20.4%

Reopening of the economy to push recovery.

02/10

EZ CPI

–/0.3%/-0.4%

Cut in Germany’s VAT rate and low fuel prices.

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

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Source: Nedbank

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By | 2020-09-29T09:06:29+02:00 September 29th, 2020|Markets and Research|0 Comments

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