Daily Market Commentary Flash Note – 7 October 2020

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

10/06

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.

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 | 2020-10-07T08:47:05+02:00 October 7th, 2020|Markets and Research|0 Comments

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