| Currencies |
|
A softer USD across the markets as risk sentiment boosted on US fiscal hopes.
|
|
|
|
| Commodities |
|
Oil was steady near $39 a barrel; Spot gold steady.
|
|
|
| Equities |
Risk appetite was also boosted as polls showed Joe Biden widening his lead over President Trump, reducing the prospect of a contested election. |
|
|
|
|
| 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
If you are looking for other relevant market commentary, you might find Markets and Research relevant as well.
For more info, get in touch with us here
