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% [...]
Coronavirus related lockdowns have encouraged consumers to turn to e-commerce and this is changing the property landscape as retail property falls out of favour and industrial property benefits from the shift. Business Day TV caught up with Nedbank CIB's Ridwaan Loonat for a closer look. Watch now for more expertise and insights, and let us [...]
Currencies Local FX markets hold steady. Commodities Gold prices higher; Oil held gains. Equities Equity markets edged higher as investors digested company earnings and economic data. Date Region Event Actual/Expected/Prior Implications 12/08 UK GDP -20.4%/-20.7%/-2.2% GDP contracted 20.4% in Q2. 12/08 EZ Industrial Production 9.1%/10.0%/12.3% Output increased by 9.1%. 12/08 US CPI 1.0%/0.7%/0.6% Due [...]
Nedbank CIB’s team of analysts is spread across global markets and covers various sectors and asset classes. Recently, we’ve expanded our equity research capacity to align with sectors that are important to the CIB franchise. With a key focus on diversified industrials, telecommunications and media, retail, mining and property, our primary objective is to provide [...]
Currencies Gold loses its shine. Commodities Oil held losses; Spot gold sank 2.1% to $1,872.61 an ounce. Equities US stocks declined in late trading after virus-related rescue talks reached a stalemate in Congress that may last until September. Date Region Event Actual/Expected/Prior Implications 12/08 UK GDP --/-20.7%/-2.2% Economy expected to have contracted by 20.7% [...]
Currencies The rand recovers from its worst levels. Commodities 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 12/08 UK GDP --/-20.7%/-2.2% Economy expected to have contracted by 20.7% in Q2 due [...]
