|The rand holds steady, for now.|
|Oil dropped ahead of an OPEC+ meeting this week.|
Asia Pacific is taking its lead from the US, with all markets across the region trading higher.
|14/07||EZ||Industrial Production||–/-19.5%/-28.0%||Set to rebound in May at the back of easing lockdown restrictions.|
Annual CPI likely to remain stable in June.
Headline inflation expected to decelerate at the back of collapsing oil prices.
|UK||ECB Decision Rate||–/4.2%/3.9%|
|No further stimulus expected.|
|EZ||Unemployment||An uptick in the employment rate is expected in the three months to May.|
Nedbank CIB Market Commentary | CIBMarketComm@Nedbank.co.za | +27 11 537 4091
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