Currencies The rand again relinquishes its early gains. Commodities Oil headed for its first back-to-back weekly losses since April. Equities ECB leaves rates unchanged, adding no further stimulus, weighing on European markets, while tech stocks drag the US markets lower. Date Region Event Actual/Expected/Prior Implications 11/09 UK GDP --/6.7%/8.7% The reopening of the hospitality [...]
Currencies The rand stages a modest recovery. Commodities Oil resumed declines after a sharp rebound in the previous session. Equities Global markets are muted after the tech bounce-back following the three-day rout as all focus shifts to the ECB today and US CPI tomorrow. Date Region Event Actual/Expected/Prior Implications 10/09 EZ ECB Main Refinancing [...]
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. Date Region Event Actual/Expected/Prior Implications 08/09 SA [...]
Our second Fireside Chat between Avinash Kalkapersad, Head of Global Markets Research, and Walter De Wet, Senior Strategy Analyst, looked at the domestic economy, foreign exchange and interest rates. Walter joined Nedbank in 2017 and he leads our macro research offerings. He has made great strides in bringing together a coherent product offering. He has [...]
Currencies USD trades marginally firmer. Commodities Oil extended its retreat below $40 a barrel; Gold prices eased as the dollar strengthened. Equities Global equity markets rise on vaccine hopes. Date Region Event Actual/Expected/Prior Implications 08/09 SA GDP --/-47.2%/-2% The economy is expected to contract by -47% due to the lockdown restrictions imposed. 10/09 EZ [...]
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 08/09 SA GDP --/-47.2%/-2% The economy is expected to contract by -47% due to the lockdown restrictions imposed. 10/09 EZ ECB [...]
