| Currencies |
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The rand stages a modest recovery.
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|
|
|
| Commodities |
|
Oil resumed declines after a sharp rebound in the previous session.
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| Equities |
| Global markets are muted after the tech bounce-back following the three-day rout as all focus shifts to the ECB today and US CPI tomorrow. |
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| Date |
Region |
Event |
Actual/Expected/Prior |
Implications |
|
|
|
|
|
|
|
EZ |
ECB Main Refinancing Rate |
–/0.0%/0.0% |
|
Slowing economic recovery, increased COVID-19 cases and decelerating inflation.
|
|
|
|
US |
PPI |
–/0.2%/0.5% |
Expected to increase 0.2% in August, indicating a recovery in pricing power. |
|
|
UK |
GDP |
–/6.7%/8.7% |
The reopening of the hospitality sector will have a great effect on growth. |
|
|
US |
CPI |
|
|
Set to increase 1.2% on an annual basis.
|
|
Nedbank CIB Market Commentary | CIBMarketComm@Nedbank.co.za | +27 11 537 4091
D1438CC9-27A0-4291-9333-2606ECE0C323
Source: Nedbank
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