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Currencies
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Rand loses ground as Fed warns of challenges.
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Oil held gains in Asia following the biggest drop in stockpiles this year.
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Equities
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Corporate earnings, company news and the FOMC shifted focus away from COVID-19 and geopolitical tensions. |
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| Date |
Region |
Event |
Actual/Expected/Prior |
Implications |
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SA |
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Consumer inflation rose at the back of easing restrictions on household consumption of goods and services.
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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% |
|
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
64545775-A324-4E29-B3C5-EA9182370352
Source: Nedbank
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