Currencies

Rand holds steady.

Commodities

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

Equities

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

-10.4%/-10.0%/0.1%
Dropped by -10.4% on a quarterly basis due to lockdown restrictions imposed
12/06 UK

Industrial Production

-28.5%/-19.3%/-8.2%

Industrial production slowed to -28.5%, worse than consensus of -19.3%
12/06 UK

Manufacturing Production

-28.5%/-19.9%/-9.7%

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

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

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Source: Nedbank

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