Daily Market Commentary Flash Note -10 July 2020


Rand holds steady sub-17.0000.


Oil is heading for a weekly decline as surging coronavirus cases raised fresh concerns about demand.


New highs in COVID-19 cases in the US threaten to derail the V-shape recovery. Chinese stocks finally give back some gains as state-run pension funds take advantage of the eight-day run and US/China tensions persist on new US sanctions on high-ranking Chinese officials. Expect a risk-off tone into the weekend.


Date Region Event Actual/Expected/Prior Implications




Core PPI expected to increase to 0.1%.

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 | 2020-07-10T10:12:18+02:00 July 10th, 2020|Markets and Research|0 Comments

Leave A Comment