Markets and Research

Daily Market Commentary Flash Note – 18 September 2020

By | 2020-09-18T09:09:32+02:00 September 18th, 2020|Markets and Research|

Currencies The rand reaches the 16.2000 technical objective. Commodities Oil is poised for its biggest weekly advance since early June with Saudi Arabia ratcheting up the pressure on OPEC+ members. Equities Asian markets are mixed after a modest improvement in US jobless claims continued to see rotation out of global tech into value.   Nedbank [...]

Daily Market Commentary Flash Note – 17 September 2020

By | 2020-09-17T09:23:01+02:00 September 17th, 2020|Markets and Research|

Currencies Rand loses ground on the Fed’s outlook. Commodities Oil edged below $40 a barrel with a stronger dollar after the biggest surge since June following a surprise drop in US crude stockpiles. Equities S&P futures trading -2% from our close, and DXY trading higher at 93.50. Tencent -1.8%, while commodities all lower: oil -1.5% [...]

Daily Market Commentary Flash Note – 16 September 2020

By | 2020-09-16T09:19:00+02:00 September 16th, 2020|Markets and Research|

Currencies USDZAR trades steadily firmer. Commodities Oil prices rose; Gold steadied as investors await the outcome of the Federal Reserve meeting. Equities Global stocks consolidate into a busy latter half of the week with the FED tonight, SARB and Futures closeout tomorrow and both US Quadruple witching and FTSE rebalance on Friday.   Nedbank CIB [...]

Daily Market Commentary Flash Note – 15 September 2020

By | 2020-09-15T09:36:04+02:00 September 15th, 2020|Markets and Research|

Currencies Emerging markets stage a modest recovery. Commodities Oil prices inched lower as a bleaker outlook for global fuel demand prompted fresh selling. Equities Hong Kong stocks rose after China’s economic data showed the recovery gathering pace.   Nedbank CIB Market Commentary | CIBMarketComm@Nedbank.co.za | +27 11 537 4091 Source: Nedbank If you [...]

Daily Market Commentary Flash Note – 11 September 2020

By | 2020-09-11T09:30:53+02:00 September 11th, 2020|Markets and Research|

Currencies The rand again relinquishes its early gains. Commodities Oil headed for its first back-to-back weekly losses since April. Equities ECB leaves rates unchanged, adding no further stimulus, weighing on European markets, while tech stocks drag the US markets lower.   Date Region Event Actual/Expected/Prior Implications 11/09 UK GDP --/6.7%/8.7% The reopening of the hospitality [...]