Daily Market Commentary Flash Note – 9 July 2020

Currencies

Dollar loses ground.

Commodities

Gold held near the highest level in almost nine years.

Equities

Global equity markets were mixed as investors digested the latest COVID-19 infections data and the latest tension between the US and China.

 

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.

07/10

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 | 2020-07-09T09:51:32+02:00 July 9th, 2020|Markets and Research|0 Comments

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