| Currencies |
|
Rand holds steady around the 16.50 level.
|
|
|
| Commodities |
| Oil was steady near $41; Gold steady. |
|
| Equities |
A 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. |
|
|
| Date |
Region |
Event |
Actual/Expected/Prior |
Implications |
|
|
UK |
CPI |
|
CPI to accelerate to 0.6% in September at the back of government stimulus packages. |
|
|
US |
|
|
Jobless claims to come in at 865k, down from 898k in the prior week. |
|
|
UK |
Retail Sales |
|
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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