Rand holds steady as local infection rates increase.


Oil kept falling after just its second weekly drop since April.


NPN reports; US markets closed on Friday with jobs numbers due Thursday.


Date Region Event Actual/Expected/Prior Implications
30/06 SA GDP


Expected to contract by 4% on a quarterly basis driven by weak demand and electricity supply shortages.
30/06 EZ CPI


Core inflation expected to drop from 0.9% previously to 0.8%.

30/06 UK GDP


GDP expected to remain at -1.6%.

01/07 SA Manufacturing PMI –/49.8/50.2

Expected to decrease to 49.8.

02/07 US Unemployment


June unemployment rate expected to improve to 12.4%.

Nedbank CIB Market Commentary | | +27 11 537 4091


Source: Nedbank

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