Sign in
Research link-chevron Created with Sketch.
link-chevron Created with Sketch. Products and Services link-chevron Created with Sketch.
link-chevron Created with Sketch. Products and Services
Economics link-chevron Created with Sketch.
FX Report
The Loop
Inside China
Insights & Strategy
Equities link-chevron Created with Sketch.
Equities Enablement Lab
Analysts
Analysts
Help and Support
Help and Support
Corporate and Investment Bank
Standard Bank Group
In the loop 29 June 2026

In the loop

Shireen Darmalingam

What you should know this morning:

  • The rand is stronger this morning, at R16.45/$, after closing stronger on Friday (R16.46/$*).
  • EM currencies were mixed on Friday; the MYR (+0.7%), KRW (+0.5%) and HUF (+0.2%) were the biggest gainers; the RUB (-3.7%), COP (-0.5%) and CLP (-0.3%) were the biggest losers.
  • Asian equity markets are mixed this morning; the Nikkei is down, while the Hang Seng and Shanghai Composite are up.
 
  • Iran war: US forces conducted further attacks on Iranian military infrastructure over the weekend in response to earlier Iranian actions against commercial shipping in the Strait of Hormuz.
  • Iran retaliated with drone and missile strikes targeting US-linked sites in Bahrain and Kuwait.
  • The US and Iran have since agreed to halt strikes ahead of talks set for this week.
 
  • China's PMIs for June, scheduled for release tomorrow, will likely underline a two-speed economy. 
  • The manufacturing sector is expected to be supported by exports, while domestic demand struggles. 
 
  • Eurozone policymakers are gathering in Sintra, Portugal, this week for the ECB Forum to discuss Europe's future.
  • The focus will centre on fostering innovation while managing the risks associated with artificial intelligence.
  • The Eurozone CPI report for June will be the key data release in the region this week (Wednesday).
  • Headline CPI is expected to have moderated to 3.0% y/y in June, from 3.2% y/y in May.
  • The headline decline should be largely driven by fuel costs.
  • Core CPI is expected to come in at 2.5% y/ in June, from 2.6% y/y in May.
  • The UK Decision Maker Panel (DMP) survey for June is scheduled for release on Friday.
  • Policymakers at the BOE will watch the survey closely for signals on inflation persistence risks. 
 
  • The US S&P CoreLogic Case-Shiller home price index for April is due for release tomorrow and is expected to show a moderation in house price growth.
  • This is expected even as affordability pressures continued to weigh on demand. 
  • The Conference Board's consumer confidence index for June will also be published tomorrow.
  • The consumer sentiment index is likely to have increased to 94.4 in June, from 93.1 in May. 
  • The US ISM manufacturing PMI for June is due out on Wednesday and is likely to have remained unchanged, at 55.7.
  • The JOLTS job openings data for May, due for release tomorrow, likely slipped to 7.3 million, from 7.618 million in April.
  • The ADP private sector payroll report for June is due on Wednesday; private payrolls are expected to have increased by 120k in June, after having increased by 122k in May.
  • The non-farm payrolls for June are due for release on Friday; payrolls are expected to have increased by 113k in June, after having increased by 172k in May.
  • Government jobs are expected to make a substantial contribution, as well as healthcare and education.
  • The unemployment rate is likely to have remained unchanged, at 4.3%.
 
  • Locally, the M3 and private sector credit extension (PSCE) for May are scheduled for release tomorrow.
  • PSCE is expected to have increased by 9.1% y/y in May, down from 9.2% y/y in April. 
  • The May trade balance is also due for release; the trade surplus is expected to have compressed to R11.5bn in May, from a surplus of R15.2nn in April. 
  • The BER will also release the Q2:26 inflation expectations tomorrow.
  • Stats SA releases the non-farm payroll for Q1:26 tomorrow; non-farm payrolls increased by 0.2% q/q in Q4:25.
  • The SARB's June Quarterly Bulletin is also scheduled for release.
  • The BER manufacturing PMI for June is due for release on Wednesday; the index is likely to have slipped to 50.0 in May, from 60.8 in May. 
  • The June Naamsa vehicle sales are also on the cards on Wednesday; vehicle sales increased by 12.8% y/y in May.
  • Electricity production and consumption releases for May are due on Thursday.
  • The industry-wide PMI for May is due out on Friday; the index is currently in contraction at 49.6.
 
  • Brent crude is up this morning, and up by 18.7% year-to-date.
  • The gold price is down this morning, and down by 6.4% year-to-date.
 
  • Brent crude oil is currently at $72.20/bbl; ($71.99/bbl*).
  • Gold is at $4036/oz ($4088/oz*).
  • SA CDS 125bps*, Brazil 128bps* and Turkey 222bps*.
  • Yields: US 10yr at 4.36%*, German bund at 2.85%*, SA 10-year generic at 8.35%*, SA's R2035 at 8.17%*.
 

* Denotes Friday's close. 

Key events and data:

  • 10h00: Eurozone M3 money supply (May)
  • 10h30: UK net consumer credit (May)
  • 11h00: Eurozone economic and consumer confidence (June)
 

Read PDF