Currencies

Rand holds steady around the 16.50 level.

Commodities
Oil was steady near $41; Gold steady.
EquitiesA revived chance of a US stimulus deal before the November election does see risk assets bid this morning; Chinese GDP missed estimates but the underlying recovery is still intact.

 

DateRegionEventActual/Expected/PriorImplications

21/10

UKCPI

–/0.6%/0.2%

CPI to accelerate to 0.6% in September at the back of government stimulus packages.

22/10

US

Initial Jobless Claims

–/865k/898k

Jobless claims to come in at 865k, down from 898k in the prior week.

23/10

UKRetail Sales

–/3.7%/2.8%

Consumers remain cautious at the back of fears for a second wave of covid-19 infections and prospects for higher unemployment.

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

160B0B7B-A3AF-4DE4-A3DF-24A739C2301B

Source: Nedbank

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