Daily Market Commentary Flash Note – 9 October 2020

Currencies

Trump comments provide support for emerging markets.

Commodities Oil is poised for the biggest weekly gain since June.
Equities Global equities are edging back toward last month’s all-time high as investors are increasingly betting that a Joe Biden victory in the election and gains by Democrats in Congress will support stocks.

 

Date Region Event Actual/Expected/Prior Implications
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 | 2020-10-14T12:21:12+02:00 October 9th, 2020|Markets and Research|0 Comments

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