LOCKDOWN LEVEL Ver 3.2 [DAY 1]

TOTAL DAYS 108 – 07 HOURS 05 MINUTES

 By the close of trade on friday, the South African rand strengthened against the US dollar.

As the country woke on Monday, still dazed from the Sunday evening address by the president, stating that a new version 3.2 with new bans and curfew’s had suddenly come into effect,  caught everyone off guard!

  • The slump in China’s exports likely eased in June as some countries reopened their economies, while imports contracted less sharply on higher crude oil and commodities purchases, a poll showed on Monday. June exports from the world’s second-largest economy are expected to have contracted 1.5% from a year earlier,
  • Florida on Sunday reported 15,299 confirmed coronavirus cases, the highest single day total of any U.S. state since the pandemic hit the nation, including New York at the peak of its outbreak. The surge in infections brings Florida’s total cases to 269,811, higher than the totals of several major nations with much larger populations such as Spain, Italy and France among others. Those countries, like New York state, passed the peak of their outbreaks months ago while virus transmission in Florida has escalated after a relatively quiet spring.
  • In the US, producer price index (PPI) fell on a monthly basis in June, as rising costs for energy goods were offset by weakness in services.
  • On the trade front, China stated that it would impose reciprocal sanctions against US officials after the US imposed sanctions on individuals and institutions for human rights abuses of Uighurs, a mostly Muslim ethnic minority living in China’s Xinjiang province.
  • The yield on benchmark government bonds fell on Friday. The yield on 2026 bond fell to 7.75%. Further, the yield on 2023 bond declined to 4.96% while that for the longer-dated 2030 issue fell to 9.48%.

In early trade on Monday, the US dollar is trading 0.2% lower against the South African rand at R16.7538, while the euro is trading marginally lower at R18.9756.  The British pound has gained 0.1% against the South African rand to trade at R21.2015.

By the close of trade on Friday, the euro advanced against most of the major currencies.

  • On the data front, industrial output in Italy rebounded at a stronger-than-expected pace on a monthly basis in May.
  • In the UK, Moody’s rating agency warned that Britain will suffer the sharpest peak-to-trough economic slump of any major economy this year and that the coronavirus crisis will push up national debt as a share of gross domestic product (GDP) by nearly a quarter.

In early trade on Monday, the euro has advanced 0.2% against the US dollar to trade at $1.1326, while it has marginally weakened against the British pound to trade at GBP0.8951.

COVID-19 LINKS

https://mediahack.co.za/datastories/coronavirus/dashboard/

Provincial

https://mediahack.co.za/datastories/coronavirus/provinces/

For those interested, this is a podcast on their project

https://iono.fm/e/839689?quality=high

https://www.covid19sa.org/