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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