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Currencies
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Risk appetite dominates the currency markets.
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Oil dropped; Precious metals extended gains.
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Equities
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Global markets take a breather as Trump U-turns on his COVID-19 narrative and the timing of the next US mega stimulus package stumbles in the Senate.
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| Date |
Region |
Event |
Actual/Expected/Prior |
Implications |
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SA |
|
–/3.50%/3.75% |
|
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
3A9FB332-563A-4064-86F4-B1DAA222DF30
Source: Nedbank
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