Daily Market Commentary Flash Note – 16 July 2020

Currencies

The rand continues to post gains.

Commodities

Oil edged lower; Gold held steady.

Equities

Vaccine hopes buoyed global equity markets.

 

Date Region Event Actual/Expected/Prior Implications

15/07

UK CPI

0.6%/0.4%/0.5%

Annual CPI increased to 0.6%

15/07

SA CPI

2.1%/2.2%/3.0%

CPI dropped to 2.1%, below the central banks target range of 3% – 6%.

15/07

US

Industrial Production

5.4%/4.3%/1.4%

Increased 5.4% on a monthly basis.

16/07

EZ ECB Decision Rate –/0.0%/0.0%
No further stimulus expected.

16/07

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

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Source: Nedbank

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By | 2020-07-16T08:40:04+02:00 July 16th, 2020|Markets and Research|0 Comments

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