Fixed Income

Sharply steeper SAGB yield curve in thin liquidity, driven by swap payers in the long-end


The rand holds steady around 16.8000


Oil climbed following a sixth weekly increase after OPEC and its allies agreed to extend production curbs


MSCI EM had its best week since 2011; positive sentiment is poised to continue as global economies recover


Date Region Event Actual/Expected/Prior Implications
09/06 EZ GDP –/-3.8%/-3.8% Negative growth expected due to activity disruptions caused by lockdown restrictions
10/06 US



Further disinflation expected on account of the Covid-19 outbreak, but to a lesser extent then in April

11/06 SA Manufacturing Production –/-52.5%/-2.1%

April manufacturing production expected to have dropped 52.2% on a monthly basis at the back of lockdown restrictions imposed

11/06 US PPI


Core producer prices remain under pressure, the recovery in oil prices during the month of May will limit the decline in the headline

12/06 EZ

Industrial production


Sharp decline expected in industrial production, resultant from lockdown restrictions imposed

12/06 UK GDP


Expected to drop by 17% on the month, due to effects of the coronavirus pandemic



Industrial Production


Industrial production expected to have slowed to -19.3% on an annual basis due to the covid-19 pandemic

12/06 UK

Manufacturing Production


Expected to have slowed to 19.9% on an annual basis

Nedbank CIB Market Commentary | | +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