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 [...]
Currencies Rand posts gains despite negative backdrop. Commodities Oil headed for its second weekly decline since late April at the back of increasing coronavirus cases in the US. Equities We are cautious of the overnight move higher in global markets, as most of the move was fuelled by potential further stimulus on the back of [...]
By Gerhard Zeelie; Head of Property Finance Africa: Nedbank CIB An understandable response to the economic fallout of Covid-19 is for governments, industries and businesses trying to predict the path that the global economy will take in the coming months and years. However, given that this is a challenging exercise at best, it's probably a [...]
Currencies Rand falters after budget adjustment speech. Commodities Oil prices inched up in early trading. Equities Global trade concerns and new COVID-19 cases weighed on investor sentiment. Date Region Event Actual/Expected/Prior Implications 24/06 SA CPI 3.0%/3.0%/4.1% Rate dropped to 3.0% in April from 4.1% in March. 25/06 SA PPI --/1.9%/3.3% Expected to drop to 1.9%. [...]
By James Geldenhuys; Head of Aircraft Finance: Nedbank CIB One of the most common responses to the struggles experienced by any state-owned enterprise the world over is to suggest that it be privatised. Recently the South African SOE that has been the primary target of such recommendations by the public is our national carrier, SAA. [...]
