Daily Market Commentary Flash Note – 6 November 2020

Currencies USD trades softer as presidential election uncertainty remains the focus.
Commodities Oil fell below $38 a barrel; Gold prices eased.
Equities There is some consolidation across global markets into the weekend after a very strong week of US election-related gains.

 

Date Region Event Actual/Expected/Prior Implications

05/11

UK BOE Bank Rate 0.1%/0.1%/0.1% Unchanged.

05/11

EZ

Retail Sales

2.2%/2.8%/3.7%

Retail sales up 2.2% y/y, dropping by -2.0% on a monthly basis.

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

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Source: Nedbank

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By | 2020-11-06T09:18:15+02:00 November 6th, 2020|Markets and Research|0 Comments

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