Daily Market Commentary Flash Note – 14 July 2020

Currencies

The rand fails to consolidate its recent gains.

Commodities

Oil prices fell; Gold held steady.

Equities

All eyes are on the US earnings season to see the full impact of COVID-19 on corporates.

 

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

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

16/07

UK Unemployment –/0.0%/0.0% 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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Source: Nedbank

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By | 2020-07-15T09:13:49+02:00 July 14th, 2020|Markets and Research|0 Comments

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