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

Manufacturing Production

–/-46.6%/-5.4%

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

07/10

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

Source: Nedbank

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Daily Market Commentary Flash Note – 9 July 2020