| Currencies |
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A softer USD across the markets as risk sentiment boosted on US fiscal hopes.
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| Commodities |
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Oil was steady near $39 a barrel; Spot gold steady.
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| Equities |
Risk appetite was also boosted as polls showed Joe Biden widening his lead over President Trump, reducing the prospect of a contested election. |
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| Date |
Region |
Event |
Actual/Expected/Prior |
Implications |
|
|
|
|
|
|
|
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. |
|
|
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
179534CB-E69F-40D5-B71F-D1C409A72A81
Source: Nedbank
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