Currencies

Rand holds steady.

Commodities

Oil edged lower; Gold little unchanged.

Equities

The Nasdaq closed at record highs, inspiring Asian markets this morning.

 

DateRegionEventActual/Expected/PriorImplications
23/06SAUnemployment

–/29.7%/29.1%

Unemployment rate expected to have increased to 29.7%.
23/06EZManufacturing PMI

–/44.8/39.4

Readings expected to pick up following easing of containment measures by government.
23/06UKManufacturing PMI

–/45.0/40.7

Rise in PMI expected due to easing of lockdown restrictions.

24/06SACPI–/3.0%/4.1%Expected to drop to 3%
24/06SASupplementary Budget

—

Finance Minister to deliver special adjustment budget outlining further plans by government to tackle COVID-19.

25/06SAPPI

–/1.9%/3.3%

Expected to drop to 1.9%.

25/06USGDP

/-5.0%/-5.0%

Minor revisions expected.

 

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

610F0BDF-77CE-43B2-9A3C-DADA04BC6188

Source: Nedbank

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