Daily Market Commentary Flash Note – 21 October 2020


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




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



Initial Jobless Claims


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


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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