Offshore
/ US unemployment 11.1%
/ Tesla now largest motor company in the world
/ Advertisers bailing on facebook
/ Goldman Lowers U.S. GDP Forecast, Sees 4.6% Contraction in 2020 (was 4.2%)
/ Fitch has downgraded a record number of sovereign ratings due to the coronavirus. 33 downgrades, 40 negative watch
/ Brexit talks started up again
Local
/ Q1 GDP at -2%
/ Barloworld results
/ Capitec update
/ 1Nvest ETNs expiring 11 August (gold, silver, platinum & palladium)
/ Redefine sells R7.7billion of assets to reduce LTV
/ Steinhoff still muddling along and publishing results