Daily Market Commentary Flash Note – 14 October 2020

 

Currencies
The rand remains rangebound.
Commodities

Oil prices steady; Gold prices lingered below the key $1,900/ounce.

Equities Asian stocks trended lower with the start of the US earnings season and no signs of a quick end to the stalemate over US fiscal stimulus.

 

Date Region Event Actual/Expected/Prior Implications

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 | 2020-10-14T12:19:57+02:00 October 14th, 2020|Markets and Research|0 Comments

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