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Currencies
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Local focus this week on MPC outcome.
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Oil extended losses; Spot gold held a gain above $1,800 an ounce. |
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Equities
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Global markets are mixed as investors brace for another busy week of global corporate earnings.
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| Date |
Region |
Event |
Actual/Expected/Prior |
Implications |
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SA |
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–/3.50%/3.75% |
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Expectations that the Reserve Bank will cut interest rates by 25bps at the back of slowing inflation and growth.
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EZ |
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Further expansions expected amid recoveries in activity.
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| 24/07 |
UK |
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Further increases in retail sales expected due to non-essential trade opening in June.
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Nedbank CIB Market Commentary | CIBMarketComm@Nedbank.co.za | +27 11 537 4091
BD117379-6048-4006-88EF-88D5BE22CE8C
Source: Nedbank
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