Currencies Rand recovers over the weekend, currently trading at 16.9500. Commodities Gold climbed as investors sought haven assets amid the rise in coronavirus cases. Equities Nigeria devalued the naira by 5.3%, which would normally see MTN/SHP sell off, but seems priced in. Date Region Event Actual/Expected/Prior Implications 07/07 SA Consumer Confidence --/-12/-9 Consumer confidence [...]
Currencies Rand dips and holds below 17.0000. Commodities Oil slipped but remained on track for a weekly gain. Equities Encouraging global economic data and hopes of a COVID-19 vaccine boost market sentiment. Date Region Event Actual/Expected/Prior Implications 02/07 US Unemployment 11.1%/12.5%/13.3% June unemployment rate 11.1% better than expectations for 12.5%. Nedbank CIB Market Commentary [...]
Currencies The rand stages a minor recovery towards the 17.0000 level. Commodities Gold held a decline after positive coronavirus vaccine developments. Equities All eyes are on the US monthly jobs report. Date Region Event Actual/Expected/Prior Implications 01/07 SA Manufacturing PMI 53.9/49.8/50.2 June PMI rises to 53.9. 02/07 US Unemployment --/12.4%/13.3% June unemployment rate expected [...]
Currencies Rand trades marginally weaker going into half-year. Commodities Oil rose after its best quarter in almost three decades; Gold edged higher. Equities A strong finish in the US, closing out its best quarter since 1998. Date Region Event Actual/Expected/Prior Implications 30/06 SA GDP -0.1%/-0.9%/-0.5% Q1 GDP sinks 2% on a quarterly basis. 01/07 [...]
Currencies Local unit holds steady as we head into half-year. Commodities Oil edged lower in Asia after jumping the most in almost two weeks on Monday. Equities Global equity markets rise despite a surge in coronavirus cases over the weekend. Date Region Event Actual/Expected/Prior Implications 30/06 SA GDP --/-0.8%/-0.5% Expected to contract by 4% [...]
Currencies Rand holds steady as local infection rates increase. Commodities Oil kept falling after just its second weekly drop since April. Equities NPN reports; US markets closed on Friday with jobs numbers due Thursday. Date Region Event Actual/Expected/Prior Implications 30/06 SA GDP --/-0.8%/-0.5% Expected to contract by 4% on a quarterly basis driven by [...]
