
Currencies
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Rand recovers over the weekend, currently trading at 16.9500.
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Gold climbed as investors sought haven assets amid the rise in coronavirus cases.
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Equities
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Nigeria devalued the naira by 5.3%, which would normally see MTN/SHP sell off, but seems priced in.
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Date |
Region |
Event |
Actual/Expected/Prior |
Implications |
07/07 |
SA |
Consumer Confidence |
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Consumer confidence expected to drop even further to -12, reflecting the effects of the covid-19 pandemic.
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SA |
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A decline of 46.6% expected on an annual basis due to the lockdown restrictions imposed. |
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US |
PPI |
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Core PPI expected to increase to 0.1%.
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Nedbank CIB Market Commentary | CIBMarketComm@Nedbank.co.za | +27 11 537 4091
782AA796-3219-40C9-A37B-2493E470C03E
Source: Nedbank
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