Currencies

The rand holds steady sub-17.5000.

Commodities

Gold headed for the first weekly drop in ten weeks.
Equities The JSE and global markets eased lower after stimulus-package talks in the US stalled and a number of companies reported disappointing earnings.

 

Date Region Event Actual/Expected/Prior Implications
14/08 EZ GDP –/-12.1%/-12.1% Economy expected to contract 12.1%

Nedbank CIB Market Commentary | CIBMarketComm@Nedbank.co.za | +27 11 537 4091

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Source: Nedbank

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