Currencies USDZAR stages significant recovery.

Oil traded near $43 a barrel; Gold climbed for a second day.


Global markets trade higher as risk-on sentiment improves with economies around the globe bouncing back from their lockdowns.


Date Region Event Actual/Expected/Prior Implications


SA Trade Balance –/12.5b/46.6b Another surplus expected at the back of healthy trade terms and import demand.


EZ CPI –/0.2%/0.4%

Lower inflation expected at the back of lower clothing prices in August.


UK House Prices


Increase in market activity expected at the back of easing lockdown restrictions and cuts in property taxes.

Nedbank CIB Market Commentary | | +27 11 537 4091


Source: Nedbank

If you are looking for other relevant market commentary, you might find Markets and Research relevant as well.

For more info, get in touch with us here