Daily Market Commentary Flash Note – 23 November 2020

CurrenciesRatings agency downgrades halt the rand’s progress.
CommoditiesOil held gains near the highest level since early September; Gold steady.
EquitiesIn the spotlight today, NRP and TBS closing levels to determine Top40 inclusion or exclusion.
DateRegionEventActual/Expected/PriorImplications


23/11

EZComposite PMI
–/–/50.0

Monetary union’s economy contracted in November at the back of stricter COVID-19 containment measures.




23/11


UK
Composite PMI

–/40.0/52.1

Survey is expected to drop to 40.0, impacted by the partial lockdown which was imposed in England.


25/11

SACPI–/3.0%/3.0%
Headline inflation expected to remain at 3.0%.


25/11

USGDP–/33.1%/33.1%
Second print to show a rebound in economic activity.

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

Source: Nedbank

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By | 2020-11-23T08:40:12+02:00 November 23rd, 2020|Markets and Research|0 Comments

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