Daily Market Commentary Flash Note – 30 September 2020

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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By | 2020-09-30T09:09:58+02:00 September 30th, 2020|Markets and Research|0 Comments

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