Daily Market Commentary Flash Note – 19 November 2020

CurrenciesLocal focus on the outcome of the SARB MPC today.
CommoditiesOil pared gains as OPEC tensions flared and New York closed schools.
EquitiesIndustrials – notable outperformers over the past five days, with cash being put to work in value names.
Economics Retail activity rebounds in Q3.
DateRegionEventActual/Expected/PriorImplications
19/11
SAReserve 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

Source: Nedbank

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By | 2020-11-19T09:20:17+02:00 November 19th, 2020|Markets and Research|0 Comments

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