Daily Market Commentary Flash Note – 13 July 2020

Currencies

The rand holds steady, for now.

Commodities

Oil dropped ahead of an OPEC+ meeting this week.

Equities

Asia Pacific is taking its lead from the US, with all markets across the region trading higher.

 

Date Region Event Actual/Expected/Prior Implications
14/07 EZ Industrial Production –/-19.5%/-28.0% Set to rebound in May at the back of easing lockdown restrictions.

15/07

UK CPI

–/0.5%/0.5%

Annual CPI likely to remain stable in June.

15/07

SA CPI

–/2.2%/3.0%

Headline inflation expected to decelerate at the back of collapsing oil prices.

15/07

US

Unemployment Rate

–/4.3%/1.4%

Set to rebound to 4.3%.

16/07

UK ECB Decision Rate –/4.2%/3.9%
No further stimulus expected.

16/07

EZ Unemployment

–/12.4%/13.3%

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

38602FAE-4E97-4E9B-B319-CA8364F16F4C

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 | 2020-07-14T10:25:50+02:00 July 13th, 2020|Markets and Research|0 Comments

Leave A Comment