Currencies

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

Commodities

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

Equities

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

 

DateRegionEventActual/Expected/PriorImplications
30/06SAGDP

–/-0.8%/-0.5%

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

–/0.8%/0.9%

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

30/06UKGDP

–/-1.6%/-1.6%

GDP expected to remain at -1.6%.

01/07SAManufacturing PMI–/49.8/50.2

Expected to decrease to 49.8.

02/07USUnemployment

–/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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