| Currencies |
|
Emerging markets on the back foot.
|
|
|
|
| Commodities |
|
Oil extended losses after its biggest one-day drop in more than two months.
|
|
| Equities |
|
Calling -0.5% at the open with a negative bias as investors question whether the move in the US is the start of the bubble bursting.
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| Date |
Region |
Event |
Actual/Expected/Prior |
Implications |
|
|
SA |
GDP |
|
|
GDP contracted 51%, revealing the effects of 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
7C3D8FF8-9EF4-4377-83B3-7302A26D75A7
Source: Nedbank
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