Daily Market Commentary Flash Note – 29 October 2020

Currencies

Rand loses ground as the MTBPS disappoints.

Commodities
Oil held near a four-week low; Gold little changed.
Equities

US equity futures slide as concerns about rising coronavirus cases put a dampener on growth as vaccine trials stall. 

 

Date Region Event Actual/Expected/Prior Implications

28/10

SA CPI

3.0%/3.0%/3.1%

Headline inflation slowed to 3% in line with consensus.

29/10 EZ ECM Main Refinancing Rate –/0.0%/0.0% To remain unchanged as covid-19 infections continue to increase.
30/10 EZ GDP –/9.8%/-11.8% Strong rebound in Q3 as strict covid-19 containment measures were lifted. 

 

Nedbank CIB Market Commentary | CIBMarketComm@Nedbank.co.za | +27 11 537 4091

016B1380-8C1E-4177-A329-8352FD68DA6A

Source: Nedbank

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By | 2020-10-30T09:01:02+02:00 October 29th, 2020|Markets and Research|0 Comments

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