Emerging markets retreat across the board.


Oil declined after the biggest gain in two weeks.


Positive momentum persists in global equity markets.


Date Region Event Actual/Expected/Prior Implications
04/08 EZ PPI


June PPI expected to rise 0.6% on a monthly basis.
05/08 EZ Retail Sales


Expected to increase 0.2% on an annual basis.
06/08 UK BOE Interest Rate –/0.1%/0.1% Expected to remain unchanged.

Nedbank CIB Market Commentary | | +27 11 537 4091


Source: Nedbank

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