|
Currencies
|
The rand fails to consolidate its recent gains. |
|
|
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. |
|
|
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% |
|
|
|
EZ |
ECB Decision Rate |
–/4.2%/3.9% |
| No further stimulus expected. |
|
|
|
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
FD692F0F-36BD-4DD3-9833-E35C6DAE1A16
Source: Nedbank
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