|
Currencies
|
Rand holds steady around 16.7000. |
|
|
|
WTI rose toward a four-month high; Gold held steady.
|
|
|
Equities
|
Global markets are generally ignoring the heightened geopolitical risks between China, the US and UK, and focusing on the update from Moderna Inc. regarding its COVID-19 vaccine that produced antibodies in all patients tested in an initial safety trial. |
|
|
|
|
| Date |
Region |
Event |
Actual/Expected/Prior |
Implications |
| 14/07 |
EZ |
Industrial Production |
20.9/-18.9%/-28.7% |
|
Industrial production rebounded in May at the back of relaxing containment measures.
|
|
|
|
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 |
–/0.0%/0.0% |
| No further stimulus expected. |
|
|
|
UK |
Unemployment |
–/4.2%/3.9% |
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
C5724BC6-2425-4297-89AD-0FB17E7B067B
Source: Nedbank
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