Currencies | All eyes on the SARB MPC today. |
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| Oil stabilised near $42 a barrel. |
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Equities | Risk sentiment diminished as the daily COVID-19 infection rate continues to increase and the US shut down the Chinese consulate in Houston. |
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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 | | | Further expansions expected amid recoveries in activity. |
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| 24/07 | UK | | | 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
CEC121FE-A3A7-4088-9DC9-2611E2215C05
Source: Nedbank
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