Daily Market Commentary Flash Note – 20 November 2020

CurrenciesLittle reaction from the rand as rates left unchanged.
CommoditiesOil trimmed a third weekly gain; Gold dropped.
EquitiesFears of new lockdown restrictions due to an increase in COVID-19 cases globally weigh on markets.
DateRegionEventActual/Expected/PriorImplications
19/11
SAReserve bank policy rate


3.5%/3.5%/3.5%


Repo rate left unchanged at 3.5% in line with consensus.


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 | 2020-11-20T08:54:20+02:00 November 20th, 2020|Markets and Research|0 Comments

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