Daily Market Commentary Flash Note – 30 June 2020


Local unit holds steady as we head into half-year.


Oil edged lower in Asia after jumping the most in almost two weeks on Monday.


Global equity markets rise despite a surge in coronavirus cases over the weekend.


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


Source: Nedbank

If you are looking for other relevant market commentary, you might find Markets and Research relevant as well.

For more info, get in touch with us here


By | 2020-06-30T09:35:31+02:00 June 30th, 2020|Markets and Research|0 Comments

Leave A Comment