Daily Market Commentary Flash Note – 16 October 2020

The rand on the back foot as risk aversion dominates.
Oil headed for a modest weekly; Gold is steady in early Asian trade.
Equities A big reversal in SA Inc. following Ramaphosa’s speech and banks bounced 3.2% odd from the day’s lows.


Date Region Event Actual/Expected/Prior Implications




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


Source: Nedbank

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By | 2020-10-16T08:37:33+02:00 October 16th, 2020|Markets and Research|0 Comments

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