Daily Market Commentary Flash Note - 2 November 2020

Currencies

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

02/11

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.

02/11

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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Daily Market Commentary Flash Note – 2 November 2020