
Fixed Income
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SAGB yields marginally lower ahead of Fed last night; dovish Fed supports US treasury yields as it reiterates persistent stimulus measures and near-zero interest rates.
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Commodities
|
Oil prices fell in early trade on Thursday; spot gold edged lower.
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Equities |
Equity markets remained under pressure as more reports on the impact of the coronavirus on the global economy surfaced.
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Economics |
SA Business confidence falls to record low.
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Date |
Region |
Event |
Actual/Expected/Prior |
Implications |
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.
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|
12/06 |
UK |
Manufacturing Production |
–/-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
A86DDBF7-7DC2-40F8-91DC-84289EA2789F
Source: Nedbank
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