Daily Market Commentary Flash Note 17 June 2020

Currencies

Rand falters as second wave of coronavirus strikes.

Commodities

Oil snapped a two-day gain; Gold steady.

Equities

Global Investors are struggling to focus their attention on any single major theme being a 2nd wave of shutdowns, massive amounts of stimulus, zero visibility of earnings or renewed geopolitical tension with US/India and China.

 

Date Region Event Actual/Expected/Prior Implications
17/06 EZ CPI

–/0.1%/0.3%

Declines expected at the back of low energy prices.
17/06 UK CPI

–/0.6%/0.8%

Expected to fall to 0.6% in May at the back of low fuel prices.

18/06 UK BOE Rate

–/0.1%/0.1%

Expect policy rate to remain unchanged.

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

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Source: Nedbank

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By | 2020-06-22T10:01:42+02:00 June 17th, 2020|Markets and Research|0 Comments

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