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

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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