Currencies

The rand closes sub-17.0000.
Commodities Oil extended its decline below $40 a barrel.
Equities S&P futures slide from earlier highs after betting odds for Democrat Joe Biden to win the US election rise following the first debate.

 

Date Region Event Actual/Expected/Prior Implications

29/09
SA Unemployment

23.3%/34.9%/30.1%

Q2 unemployment rate fell to 23.3%.

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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