Daily Market Commentary Flash Note – 7 July 2020

Currencies

The rand remains cautious; holds around the 17.00 pivot.

Commodities

Oil held below $41 amid rising coronavirus infections

Equities

An upbeat report from China lifted global markets. 

 

Date Region Event Actual/Expected/Prior Implications
07/07 SA Consumer Confidence

–/-12/-9

Consumer confidence expected to drop even further to -12, reflecting the effects of the covid-19 pandemic.

07/09

SA

Manufacturing Production

–/-46.6%/-5.4%

A decline of 46.6% expected on an annual basis due to the lockdown restrictions imposed.

07/09

US PPI

–/0.1%/-0.1%

Core PPI expected to increase to 0.1%. 

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

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Source: Nedbank

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By | 2020-07-07T09:54:50+02:00 July 7th, 2020|Markets and Research|0 Comments

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