Daily Market Commentary Flash Note - 3 September 2020

Currencies

Market volatility has rand on the back foot.

Commodities

Gold prices edged higher following a steep fall in the previous session.

Equities

Equity markets traded higher on the back of global economic recovery and vaccine hopes.

Date

Region

Event

Actual/Expected/Prior

Implications

03/09

Retail Sales

–/1.9%/1.3%

July sales expected to increase by 1%.

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

Source: Nedbank

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Daily Market Commentary Flash Note – 3 September 2020