Daily Market Commentary Flash Note – 5 October 2020

Currencies

Currency markets remain vulnerable as US President tests positive for covid-19. 

Commodities

Oil advanced from a three-week low; Gold steady. 

Equities Global markets look to recover after headlines that President Trump should be discharged from hospital today; Asian markets are higher, but we still have a number of markets shut for holidays in the region.

 

Date Region Event Actual/Expected/Prior Implications

10/05

EZ Retail Sales

–/2.5%/-1.3%

Retail sales are expected to increase by 2.5% on a monthly basis.

10/06

US International Trade Balance –/-$66.2b/-$63.6b The trade deficit is set to widen in August at the back of deteriorating demand for industrial supplies.

10/09

UK GDP –/8.2%/-7.6% The economy is expected to grow by 4.6% on a monthly basis due to the reopening of some recreational activities and government stimulus in the hospitality sector.

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

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Source: Nedbank

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By | 2020-10-05T09:01:36+02:00 October 5th, 2020|Markets and Research|0 Comments

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