Daily Market Commentary Flash Note - 3 November 2020

Currencies	All eyes on the US elections today.
Commodities	Oil held gains after jumping the most in three weeks.
Equities	Equity markets jittery ahead of US election; Japan closed for a public holiday.

Date

Region

Event

Actual/Expected/Prior

Implications

04/11

International Trade Balance

–/-$63.9/-$67.1

Rebound in exports and a slight drop in imports.

05/11

BOE Bank Rate

–/0.1%/0.1%

Probability for a cut due to the weak economic outlook.

05/11

Retail Sales

–/2.8%/3.7%

Retail sales are expected to drop by 1.5% on a monthly basis in September.

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

Source: Nedbank

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Daily Market Commentary Flash Note – 3 November 2020