| Currencies |
| Trump’s comments see USD rebound. |
|
|
| Commodities |
| Oil prices slipped after U.S. President Trump dashed hopes for a fourth stimulus package. |
|
| Equities |
Trump halts US stimulus negotiations until after the US election, leading to a resurgence of uncertainty in risk assets. |
|
|
|
|
| Date |
Region |
Event |
Actual/Expected/Prior |
Implications |
|
|
|
|
|
|
|
US |
International Trade Balance |
$67.1b-/-$66.2b/-$63.4b |
The trade deficit widened to -$67.1b in August at the back of increased imports for consumer goods. |
|
|
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
98119E18-0A6E-48D3-9395-BD3B0A1B6213
Source: Nedbank
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