Daily Market Commentary Flash Note – 29 July 2020


USD stumbles as all focus on FOMC meeting.


Oil held a loss to trade near $41 a barrel.


Global markets are mixed as investors await earnings from some of the world’s biggest companies as well as any new developments from the FOMC meeting in the US.


Date Region Event Actual/Expected/Prior Implications





Headline inflation forecast to remain below SARB lowest target band of 3%.

30/07 US


Economy expected to have slowed by 35%, attributed to slowing consumer spending and low trade levels.

31/07 EZ GDP –/-12.0%/-3.6%

Expected that the economy will contract by 12% at the back of covid-19 containment measures.

Nedbank CIB Market Commentary | CIBMarketComm@Nedbank.co.za | +27 11 537 4091


Source: Nedbank

If you are looking for other relevant market commentary, you might find Markets and Research relevant as well.

For more info, get in touch with us here

By | 2020-07-29T09:43:03+02:00 July 29th, 2020|Markets and Research|0 Comments

Leave A Comment