| Currencies |
A resilient rand holds steady. |
| Commodities |
|
Oil held at a five-month high as Hurricane Laura bore down on key refining facilities on the US.
|
|
| Equities |
US markets make new highs again; Asia less impressed today, trading mostly lower; all eyes on Jackson Hole tomorrow! |
|
|
|
|
| Date |
Region |
Event |
Actual/Expected/Prior |
Implications |
| 25/08 |
US |
New Home Sales |
901k/791k/776k |
13,9% increase in new home sales from June as a result of all-time low borrowing costs and short supply of previously owned homes. |
|
|
SA |
CPI YoY |
|
|
CPI expected to rise on the back of increased economic activity as a result of lockdown restrictions easing.
|
|
|
|
US |
Durable Goods Orders |
-/ 4,5% / 7,6% |
|
Durable goods represent a leading indicator of investment spending in the economy.
|
|
|
|
SA |
PPI YoY |
|
PPI likely to rise on increasing fuel costs. |
Nedbank CIB Market Commentary | CIBMarketComm@Nedbank.co.za | +27 11 537 4091
35373520-3565-48A9-A6E1-6E86A8293239
Source: Nedbank
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