Global uncertainty sees emerging markets on the back foot.


Oil fell for a third day with rising virus infections in the US.


A nervous tone returns to global markets as the Eurozone warns of a deeper recession; The US addresses the HKD/USD peg and US stocks sell off on increased COVID-19 concerns.


Date Region Event Actual/Expected/Prior Implications
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.


US PPI –/0.1%/-0.1%

Core PPI expected to increase to 0.1%. 

Nedbank CIB Market Commentary | | +27 11 537 4091


Source: Nedbank

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