Daily Market Commentary Flash Note – 29 June 2020

Currencies

Rand holds steady as local infection rates increase.

Commodities

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

Equities

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

 

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

–/-0.8%/-0.5%

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

–/0.8%/0.9%

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

30/06 UK GDP

–/-1.6%/-1.6%

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

–/12.4%/13.3%

June unemployment rate expected to improve to 12.4%.

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

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Source: Nedbank

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By | 2020-06-29T10:33:36+02:00 June 29th, 2020|Markets and Research|0 Comments

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