Daily Market Commentary Flash Note – 2 October 2020

Currencies

Currency markets eye US jobs report today.

Commodities

Oil headed for a second weekly loss; Gold headed for its biggest weekly gain since early August.

Equities
The much-awaited USD2.2tn US stimulus package makes it through Senate, but it feels as though this has already been priced in as investors shift their focus to the US elections in November.

 

Date Region Event Actual/Expected/Prior Implications

02/10

EZ CPI

–/0.3%/-0.4%

Cut in Germany’s VAT rate and low fuel prices.

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

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Source: Nedbank

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By | 2020-10-02T09:17:25+02:00 October 2nd, 2020|Markets and Research|0 Comments

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