Daily Market Commentary Flash Note – 16 October 2020

Currencies
The rand on the back foot as risk aversion dominates.
Commodities
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

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

A128EE78-D4FD-4E6A-86C6-7E1135499EE5

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

Leave A Comment