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

US

International Trade Balance –/-$63.9/-$67.1

Rebound in exports and a slight drop in imports.

05/11

UK BOE Bank Rate –/0.1%/0.1% Probability for a cut due to the weak economic outlook.

05/11

EZ

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

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Source: Nedbank

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By | 2020-11-03T09:22:18+02:00 November 3rd, 2020|Markets and Research|0 Comments

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