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Currencies
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Focus today will be on the Fed’s decision
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Oil prices lower; Gold unchanged
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Equities
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There is an element of caution in global markets ahead of the Fed meeting as investors question the disconnect between global asset prices and the underlying economies
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| Date |
Region |
Event |
Actual/Expected/Prior |
Implications |
| 09/06 |
EZ |
GDP |
-3.6%/-3.8%/-3.8% |
|
Quarter on quarter negative growth of -3.6%, better then consensus of -3.8%
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| 10/06 |
US |
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Further disinflation expected on account of the Covid-19 outbreak, but to a lesser extent then in April
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| 11/06 |
SA |
Manufacturing Production |
–/-52.5%/-2.1% |
|
April manufacturing production expected to have dropped 52.2% on a monthly basis at the back of lockdown restrictions imposed
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| 11/06 |
US |
PPI |
|
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Core producer prices remain under pressure, the recovery in oil prices during the month of May will limit the decline in the headline
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| 12/06 |
EZ |
|
–/-28.3%/-12.9% |
|
Sharp decline expected in industrial production, resultant from lockdown restrictions imposed
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| 12/06 |
UK |
GDP |
|
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Expected to drop by 17% on the month, due to effects of the coronavirus pandemic
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UK |
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Industrial production expected to have slowed to -19.3% on an annual basis due to the covid-19 pandemic
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| 12/06 |
UK |
|
–/-19.9%/-9.7% |
|
Expected to have slowed to 19.9% on an annual basis
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Nedbank CIB Market Commentary | CIBMarketComm@Nedbank.co.za | +27 11 537 4091
6819FA91-C557-446C-B64F-CE14AE943358
Source: Nedbank
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