Daily Market Commentary Flash Note – 4 November 2020

Currencies

Uncertainty reigns in the markets.

Commodities

Gold steadied; WTI oil rose more than 2%.

Equities

US futures bounce as Biden takes an early lead; expect increased volatility today as traders react wildly to election outcome headlines.

 

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 | 2020-11-04T09:33:33+02:00 November 4th, 2020|Markets and Research|0 Comments

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