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Daily Market Commentary Flash Note – 19 October 2020

By | 2020-10-19T09:56:55+02:00 October 19th, 2020|Markets and Research|

Currencies Rand holds steady around the 16.50 level. Commodities Oil was steady near $41; Gold steady. Equities A revived chance of a US stimulus deal before the November election does see risk assets bid this morning; Chinese GDP missed estimates but the underlying recovery is still intact.   Date Region Event Actual/Expected/Prior Implications 21/10 UK [...]

Daily Market Commentary Flash Note – 5 October 2020

By | 2020-10-05T09:01:36+02:00 October 5th, 2020|Markets and Research|

Currencies Currency markets remain vulnerable as US President tests positive for covid-19.  Commodities Oil advanced from a three-week low; Gold steady.  Equities Global markets look to recover after headlines that President Trump should be discharged from hospital today; Asian markets are higher, but we still have a number of markets shut for holidays in the [...]

Daily Market Commentary Flash Note – 4 September 2020

By | 2020-09-04T09:06:40+02:00 September 4th, 2020|Markets and Research|

Currencies Market focus today on US data. Commodities Oil is poised for the biggest weekly decline since early June. Equities US tech sends shivers down global market spines as lofty valuations are questioned.   Date Region Event Actual/Expected/Prior Implications 03/09 EZ Retail Sales 0.4%/1.9%/1.3% July sales down 1.3% on a monthly basis.  Nedbank CIB Market [...]

Daily Market Commentary Flash Note – 3 September 2020

By | 2020-09-03T08:20:43+02:00 September 3rd, 2020|Markets and Research|

Currencies Market volatility has rand on the back foot. Commodities Gold prices edged higher following a steep fall in the previous session. Equities Equity markets traded higher on the back of global economic recovery and vaccine hopes.   Date Region Event Actual/Expected/Prior Implications 03/09 EZ Retail Sales --/1.9%/1.3% July sales expected to increase by 1%. [...]

Daily Market Commentary Flash Note – 11 August 2020

By | 2020-08-11T09:38:58+02:00 August 11th, 2020|Markets and Research|

Currencies The rand recovers from its worst levels. Commodities Oil pushed higher; Gold fell for a third straight day as the dollar firmed. Equities SA markets look to play catch-up as global equity markets rally.   Date Region Event Actual/Expected/Prior Implications 12/08 UK GDP --/-20.7%/-2.2% Economy expected to have contracted by 20.7% in Q2 due [...]