Daily Market Commentary Flash Note – 25 June 2020

Currencies

Rand falters after budget adjustment speech.

Commodities

Oil prices inched up in early trading.

Equities

Global trade concerns and new COVID-19 cases weighed on investor sentiment.

Date Region Event Actual/Expected/Prior Implications
24/06 SA CPI

3.0%/3.0%/4.1%

Rate dropped to 3.0% in April from 4.1% in March.

25/06 SA PPI

–/1.9%/3.3%

Expected to drop to 1.9%.

25/06 SA GDP

/-5.0%/-5.0%

Minor revisions expected.

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

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Source: Nedbank

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By | 2020-06-25T10:31:27+02:00 June 25th, 2020|Markets and Research|0 Comments

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