Daily Market Commentary Flash Note – 15 October 2020

Currencies

Local focus on the economic recovery plan.

Commodities

Oil held gains near $41 a barrel; Gold dropped.

Equities Delays in the US stimulus package and mixed earnings from US financials have slowed the flows to risk assets as investors bolster up for higher volatility into the upcoming US election.

 

Date Region Event Actual/Expected/Prior Implications

14/10

EZ

Industrial Production 0.7%/0.8%/5.0%

Production increased 0.7% on a monthly basis at the back of easing covid-19 containment measures.

14/10 SA Retail Sales

-4.2%/-6.8%/-8.6%

August sales dropped at a softer pace than prior months due to further easing of lockdown restrictions.

14/10

US

PPI

0.4%/0.2%/0.3%

Final demand services and final demand goods both increased by 0.4%.

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

0AE00B39-3F98-4A56-BD71-02911ED191B6

Source: Nedbank

If you are looking for other relevant market commentary, you might find Markets and Research relevant as well.

For more info, get in touch with us here

By | 2020-10-15T09:31:04+02:00 October 15th, 2020|Markets and Research|0 Comments

Leave A Comment