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Currencies
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Rand holds steady sub-17.0000.
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Oil is heading for a weekly decline as surging coronavirus cases raised fresh concerns about demand.
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Equities
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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.
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| Date |
Region |
Event |
Actual/Expected/Prior |
Implications |
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US |
PPI |
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Core PPI expected to increase to 0.1%.
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Nedbank CIB Market Commentary | CIBMarketComm@Nedbank.co.za | +27 11 537 4091
77CB18FE-B10B-4352-BA0B-54C3986C7E6B
Source: Nedbank
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