Daily Market Commentary Flash Note – 21 October 2020

Currencies

Market eyes on a possible stimulus package in the US.

Commodities Oil prices fell after a surprise climb in U.S. crude stockpiles.
Equities A pre-election stimulus deal inches closer, which provides support across global markets, despite the pick-up in COVID-19 related lockdowns.

 

Date Region Event Actual/Expected/Prior Implications

21/10

UK CPI

–/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

UK Retail 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

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Source: Nedbank

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By | 2020-10-21T08:46:11+02:00 October 21st, 2020|Markets and Research|0 Comments

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