Daily Market Commentary Flash Note – 30 October 2020

Currencies

The rand remains on the back foot.

Commodities
Oil is poised for the biggest monthly slide since March.
Equities

Tech stocks lead the gains in the US ahead of results, while global markets remain under pressure, weighed down by surging coronavirus cases and uncertainty surrounding the US elections.

 

Date Region Event Actual/Expected/Prior Implications
30/10 EZ GDP –/9.8%/-11.8% Strong rebound in Q3 as strict covid-19 containment measures were lifted. 

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

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Source: Nedbank

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By | 2020-10-30T09:20:44+02:00 October 30th, 2020|Markets and Research|0 Comments

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