
Fixed Income
|
SAGB yields continue to rise in thin liquidity conditions, steep curve is maintained |
|
The rand holds steady in lacklustre trade
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Commodities
|
Oil clawed back some of Monday’s losses; Gold unchanged
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Equities |
Wall Street closed up strongly, and Asia has followed suit this morning
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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
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|
|
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
03EF19F4-F1EC-409D-825F-13E5F05E3738
Source: Nedbank
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