All eyes on the adjustment budget.


Oil edged lower; Gold futures climbed for a fourth session


Global markets trade mostly higher, with improving economic data boosting sentiment.


Date Region Event Actual/Expected/Prior Implications
23/06 SA Unemployment 30.1%/29.7%/29.1% Unemployment rate increased to 30.1%.
23/06 EZ Manufacturing PMI


PMI readings picked up to 46.9 ahead of consensus of 45.0.
23/06 UK Manufacturing PMI 50.1/45.0/40.7

Increased to 50.1 ahead of consensus for 45.0.

24/06 SA CPI –/3.0%/4.1% Expected to drop to 3%.
24/06 SA Supplementary Budget

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

25/06 SA PPI


Expected to drop to 1.9%.

25/06 US GDP


Minor revisions expected.


Nedbank CIB Market Commentary | | +27 11 537 4091


Source: Nedbank

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