Daily Market Commentary Flash Note – 8 July 2020

Currencies

Global uncertainty sees emerging markets on the back foot.

Commodities

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

Equities

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.

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

E2FB21B5-53D5-4C18-8327-1431244A6346

Source: Nedbank

If you are looking for other relevant market commentary, you might find Markets and Research relevant as well.

For more info, get in touch with us here

By | 2020-07-08T10:13:14+02:00 July 8th, 2020|Markets and Research|0 Comments

Leave A Comment