Rand holds steady.


Oil kept falling after its first weekly drop since late April; Gold steady.


Fears of a second wave of COVID-19 infections are outweighing better economic data out of China.


Date Region Event Actual/Expected/Prior Implications
12/06 EZ

Industrial production

-28.0%/-28.8%/-13.5% Sharp drop to -28%, due to strict lockdown measures to contain the spread of the coronavirus.
12/06 UK GDP


Dropped by -10.4% on a quarterly basis due to lockdown restrictions imposed
12/06 UK

Industrial Production


Industrial production slowed to -28.5%, worse than consensus of -19.3%

12/06 UK

Manufacturing Production


Slowed by -28.5%, worse than consensus of -19.9%

Nedbank CIB Market Commentary | | +27 11 537 4091


Source: Nedbank

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