Daily Market Commentary Flash Note – 16 November 2020

Currencies
The rand opens the week marginally firmer.
Commodities

Oil prices edged up in early Asian trade; Gold prices inched up.

Equities The world’s biggest trade agreement and “no” lockdown plans from Biden’s team see global markets start the week on the front foot.

 

Date Region Event Actual/Expected/Prior Implications

18/11

UK CPI

–/0.5%/0.5%

Inflation will be driven by increases in restaurant and hotel prices.

18/11

EZ CPI

–/-0.3%/-0.3%

Inflation expected to continue on the weaker trend.

19/11

SA Reserve bank policy rate

–/3.5%/3.5%

Expected to remain unchanged at the back of a strong recovery in Q3.

20/11

UK Retail sales

–/-0.3%/1.5%

Expected to drop -0.3% in October.

Nedbank CIB Market Commentary | CIBMarketComm@Nedbank.co.za | +27 11 537 4091

165C3F2D-1841-43A3-B98C-F0C0A29FA7D3

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

By | 2020-11-16T09:19:25+02:00 November 16th, 2020|Markets and Research|0 Comments

Leave A Comment