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Currencies
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USD stumbles as all focus on FOMC meeting.
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Oil held a loss to trade near $41 a barrel.
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Equities
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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. |
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| Date |
Region |
Event |
Actual/Expected/Prior |
Implications |
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SA |
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Headline inflation forecast to remain below SARB lowest target band of 3%.
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| 30/07 |
US |
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Economy expected to have slowed by 35%, attributed to slowing consumer spending and low trade levels.
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| 31/07 |
EZ |
GDP |
–/-12.0%/-3.6% |
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Expected that the economy will contract by 12% at the back of covid-19 containment measures.
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Nedbank CIB Market Commentary | CIBMarketComm@Nedbank.co.za | +27 11 537 4091
C4369E2B-7BBB-4B7B-9926-E28320AAB513
Source: Nedbank
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