Daily Market Commentary Flash Note – 5 November 2020

Currencies

Volatile currency markets as US presidential election is closer than expected.

Commodities

Oil dropped in Asian trading; Gold steadied to trade above $1,900 an ounce.

Equities

Rand hedges caught a bid despite a weaker rand. 

 

Date Region Event Actual/Expected/Prior Implications

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 | 2020-11-05T08:26:05+02:00 November 5th, 2020|Markets and Research|0 Comments

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