Daily Market Commentary Flash Note 19 June 2020

Currencies

The rand succumbs to both local and global factors.

Commodities

Oil was poised to resume a run of weekly gains on signs consumption is picking up.

Equities

Global markets trade slightly better ahead of the quadruple witching in the US market; roughly USD55-60bn is expected to be rebalanced.

Date

Region

Event

Actual/Expected/Prior

Implications

18/06

BOE Rate

0.1%/0.1%/0.1%

Remained unchanged in line with consensus.

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

Source: Nedbank

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