
Currencies
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All eyes on the SARB MPC today.
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Oil stabilised near $42 a barrel.
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Equities
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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 |
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–/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
CEC121FE-A3A7-4088-9DC9-2611E2215C05
Source: Nedbank
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