| Currencies | |
| Commodities | Gold dropped ahead of the Federal Reserve’s annual Jackson Hole symposium, Nickel hit its highest since November. |
|
|
| Equities | Equity markets traded higher as trade talks between the US and China progressed. |
| |
| |
| Date | Region | Event | Actual/Expected/Prior | Implications |
| 26/08 | SA | CPI YoY | 3,2%/ 3%/ 2,2% | CPI came in higher than expected however still well below SARB historical target range of 4,5%. Lower inflation supports the likelihood of the SARB maintaining low interest rates into 2021. |
|
| US | Durable Goods Orders | 11,2%/ 4,8%/ 7,6% | Durable goods rose by more than double estimates amid a continued surge in automobile demand, indicating factories will help support the economic rebound in months. |
|
| SA | PPI YoY | | PPI likely to rise on increasing fuel costs. |
| SA | SA Unemployment | -/ 35%/ 30,1% | Unemployment levels expected to rise due to the impact of lockdown restrictions resulting in several businesses closing down or reducing staff members. |
Nedbank CIB Market Commentary | CIBMarketComm@Nedbank.co.za | +27 11 537 4091
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Source: Nedbank
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