
Currencies
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Rand posts gains despite negative backdrop.
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Oil headed for its second weekly decline since late April at the back of increasing coronavirus cases in the US.
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Equities
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We are cautious of the overnight move higher in global markets, as most of the move was fuelled by potential further stimulus on the back of rising COVID-19 cases in the US.
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Date |
Region |
Event |
Actual/Expected/Prior |
Implications |
25/06 |
SA |
PPI |
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Dropped to 1.2% on an annual basis.
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25/06 |
US |
GDP |
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GDP QoQ remained unchanged at -5.0%.
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Nedbank CIB Market Commentary | CIBMarketComm@Nedbank.co.za | +27 11 537 4091
C270109C-0E44-4B12-BEB5-54A5E074F509
Source: Nedbank
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