| Currencies |
|
The rand remains range-bound.
|
|
|
| Commodities |
|
Oil extended its retreat below $40 a barrel.
|
|
| Equities |
|
Expect a fairly quiet session with the US closed for a public holiday.
|
|
|
|
|
|
|
|
| Date |
Region |
Event |
Actual/Expected/Prior |
Implications |
|
|
SA |
GDP |
|
|
The economy is expected to contract by -47% due to the lockdown restrictions imposed.
|
|
|
|
EZ |
ECB Main Refinancing Rate |
–/0.0%/0.0% |
|
Slowing economic recovery, increased COVID-19 cases and decelerating inflation.
|
|
|
|
US |
PPI |
–/0.2%/0.5% |
Expected to increase 0.2% in August, indicating a recovery in pricing power. |
|
|
UK |
GDP |
–/6.7%/8.7% |
The reopening of the hospitality sector will have a great effect on growth. |
|
|
US |
CPI |
|
|
Set to increase 1.2% on an annual basis.
|
|
Nedbank CIB Market Commentary | CIBMarketComm@Nedbank.co.za | +27 11 537 4091
AFAD6A13-B439-4C9A-ADFD-24BAE5B0408E
Source: Nedbank
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