Currencies

Focus today will be on the Fed’s decision

Commodities

Oil prices lower; Gold unchanged

Equities

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

 

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%
10/06 US

CPI

–/0.3%/0.3%

Further disinflation expected on account of the Covid-19 outbreak, but to a lesser extent then in April
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
11/06 US PPI

–/-1.3%/-1.2%

Core producer prices remain under pressure, the recovery in oil prices during the month of May will limit the decline in the headline
12/06 EZ

Industrial production
–/-28.3%/-12.9%

Sharp decline expected in industrial production, resultant from lockdown restrictions imposed
12/06 UK GDP

–/-10.1%/0.1%

Expected to drop by 17% on the month, due to effects of the coronavirus pandemic

12/06
UK

Industrial Production

–/-19.3%/-8.2%

Industrial production expected to have slowed to -19.3% on an annual basis due to the covid-19 pandemic
12/06 UK

Manufacturing Production
–/-19.9%/-9.7%

Expected to have slowed to 19.9% on an annual basis

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

6819FA91-C557-446C-B64F-CE14AE943358

Source: Nedbank

If you are looking for other relevant market commentary, you might find Markets and Research relevant as well.

For more info, get in touch with us here