Daily Market Commentary Flash Note – 1 October 2020

Currencies

The rand ends the quarter on the front foot.

Commodities Oil prices were little changed; Gold steady.
Equities

US markets returned +8.5% for the quarter as the much-awaited next stimulus package gained some traction in Congress; no read-through from Asian markets, as most are off for holidays.

 

Date Region Event Actual/Expected/Prior Implications

30/09

SA CPI

3.1%/3.2%/3.2%

Consumer prices increased by 3.1% in August.

30/09

UK GDP

-19.8%/-20.4%/-20.4%

Q2 GDP fell 19.8% due to covid-19 lockdown measures imposed.

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 | 2020-10-01T09:08:13+02:00 October 1st, 2020|Markets and Research|0 Comments

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