Daily Market Commentary Flash Note – 18 November 2020

Currencies
The rand continues to mark time.
Commodities

Oil prices fell on Wednesday after a bigger-than-expected build in U.S. crude stockpiles.

Equities Global markets pause the rotation out of lockdown winners into beaten-up financials and industrials as attention returns to the spike in coronavirus cases.

 

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

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Source: Nedbank

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By | 2020-11-18T08:17:20+02:00 November 18th, 2020|Markets and Research|0 Comments

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