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Fixed Income
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Sharply steeper SAGB yield curve in thin liquidity, driven by swap payers in the long-end
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The rand holds steady around 16.8000
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Commodities
|
|
Oil climbed following a sixth weekly increase after OPEC and its allies agreed to extend production curbs
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| Equities |
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MSCI EM had its best week since 2011; positive sentiment is poised to continue as global economies recover
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| 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 |
|
–/-28.3%/-12.9% |
|
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
|
|
|
|
UK |
|
|
|
Industrial production expected to have slowed to -19.3% on an annual basis due to the covid-19 pandemic
|
|
| 12/06 |
UK |
|
–/-19.9%/-9.7% |
|
Expected to have slowed to 19.9% on an annual basis
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Nedbank CIB Market Commentary | CIBMarketComm@Nedbank.co.za | +27 11 537 4091
684CD094-4B7F-44A4-9B73-9E21981A880B
Source: Nedbank
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