|
Currencies
|
The rand holds steady, for now. |
|
|
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. |
|
|
UK |
CPI |
|
|
Annual CPI likely to remain stable in June.
|
|
|
|
SA |
CPI |
|
|
Headline inflation expected to decelerate at the back of collapsing oil prices.
|
|
|
|
US |
|
–/4.3%/1.4% |
|
|
|
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
38602FAE-4E97-4E9B-B319-CA8364F16F4C
Source: Nedbank
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