Daily Market Commentary Flash Note – 22 October 2020

Currencies

Rand posts gains and holds steady.

Commodities Oil prices dropped in early trade.
Equities

US earnings – 85% beat on earnings out of the 84 companies that have reported so far, with tech in vogue this week.

 

Date Region Event Actual/Expected/Prior Implications

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 | 2020-10-22T08:53:11+02:00 October 22nd, 2020|Markets and Research|0 Comments

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