|
Currencies |
USDZAR loses ground. | |
| Commodities | Oil is heading for the first weekly loss since late April; Gold headed for the first weekly gain. | |
|
Equities |
Markets address the disconnect between asset prices and real economies as the economic damage of the pandemic and fears of a second wave see US markets tumble. | |
| Economics |
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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. |
| 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% |
|
|
| 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
35850AD4-C044-40F5-ABD8-9543698B54C3Source: Nedbank
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