Currencies

Rand loses ground as the economy falters.

Commodities

Gold is set for the biggest monthly gain in more than four years.

Equities

Disappointing earnings reports, poor economic data and a potential delay in the US presidential elections drag markets lower. 

 

Date Region Event Actual/Expected/Prior Implications
31/07 EZ GDP

–/-12.1%/-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

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Source: Nedbank

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