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Currencies
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All eyes on the SARB MPC today.
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Oil held losses near $41 a barrel; Gold traded near $1,900 an ounce.
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Equities
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Risk-off sentiment across global markets as US-China tensions rise; the next round of US stimulus looks to disappoint; and Big Tech sells off. |
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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
629312C7-3B34-4904-AC8A-FDD0A799FF57
Source: Nedbank
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