Daily Market Commentary Flash Note – 12 October 2020

Currencies
Rand holds steady around the 16.5000 level.
Commodities Oil dropped for a second; Gold held the biggest advance since mid-August.
Equities

Investors will monitor the yuan’s movements on Monday, after the PBoC announced a rule change that made it cheaper to short the yuan. 

 

Date Region Event Actual/Expected/Prior Implications

12/10

SA

Manufacturing Production –/-7.8%/-10.6%

Expected to drop by 7.8% on a yearly basis.

13/10

UK

Unemployment

–/4.3%/4.1%

Unemployment is expected to increase to 4.3%.

14/10

EZ Industrial Production –/0.7%/4.1%

Regional readings point to a slowdown in industrial production in August.

14/10

SA

Retail Sales

–/-7.0%/-9.0%

Expected to decline by 7% YoY in August.

14/10

US

PPI

–/0.2%/0.3% Producer prices continue to increase in September at the back of stronger price movements in food and construction materials, offset by low energy prices.

16/10

EZ

CPI

–/-0.3%/-0.3% Lower price inflation for non-energy industrial goods, linked to delayed summer sales causing distortions in clothing prices and lower services inflation.

 

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

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Source: Nedbank

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By | 2020-10-14T12:21:54+02:00 October 12th, 2020|Markets and Research|0 Comments

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