Daily Market Commentary Flash Note – 13 October 2020

Currencies

The rand trades marginally on the back foot.

Commodities Oil steadied after falling the most in more than a week.
Equities
Tech giants took US markets to a six-week high, but Asia is more cautious this morning ahead of the big US bank earnings. Hong Kong has yet to open on the severe storm warnings.

 

Date Region Event Actual/Expected/Prior Implications

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

AC09EFBE-67A0-4465-AF45-70721C63D678

Source: Nedbank

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By | 2020-10-14T12:20:54+02:00 October 13th, 2020|Markets and Research|0 Comments

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