The rand recovers from its worst levels.


Oil pushed higher; Gold fell for a third straight day as the dollar firmed.

Equities SA markets look to play catch-up as global equity markets rally.


Date Region Event Actual/Expected/Prior Implications




Economy expected to have contracted by 20.7% in Q2 due to lockdown restrictions.

12/08 EZ Industrial Production –10.0%/12.4%

Further improvements expected in June as COVID-19 containment measures were relaxed.

12/08 US CPI


A YoY increase of 0.7% expected due to an increase in energy prices.

12/08 SA Retail Sales


A month on month improvement of 11.9% expected.

Nedbank CIB Market Commentary | | +27 11 537 4091

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Source: Nedbank

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