Daily Market Commentary Flash Note – 2 November 2020


The rand resilient despite the global backdrop.

Equities JALSH -0.5%; A negative end to the week, but the bulk of the domestic losses was partly offset by NPN/PRX/MTN


Date Region Event Actual/Expected/Prior Implications


SA Naamsa Vehicle sales -23,9%/-21,5%/-23,9%

Vehicle sales down 24% compared to prior year due to economic impacts of lockdown on jobs and consumer confidence.


US Markit US Manufacturing PMI -/53,3/53,3

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


Source: Nedbank

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By | 2020-11-02T09:05:23+02:00 November 2nd, 2020|Markets and Research|0 Comments

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