Daily Market Commentary Flash Note – 17 November 2020

Currencies

Vaccine news supports emerging markets.

Commodities

Oil prices edged higher; Gold prices were little changed.

Equities More positive news around a vaccine sent global stocks higher, with defensive sectors such as tech lagging.

 

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

FB229379-1863-4960-AB70-305E677FD248

Source: Nedbank

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By | 2020-11-17T09:40:34+02:00 November 17th, 2020|Markets and Research|0 Comments

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