| Currencies | Emerging markets on the back foot. |
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| Commodities | Oil extended losses after its biggest one-day drop in more than two months. |
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| Equities | Calling -0.5% at the open with a negative bias as investors question whether the move in the US is the start of the bubble bursting. |
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| Date | Region | Event | Actual/Expected/Prior | Implications |
| SA | GDP | | GDP contracted 51%, revealing the effects of the lockdown restrictions imposed. |
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| EZ | ECB Main Refinancing Rate | –/0.0%/0.0% | Slowing economic recovery, increased COVID-19 cases and decelerating inflation. |
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| 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. |
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Nedbank CIB Market Commentary | CIBMarketComm@Nedbank.co.za | +27 11 537 4091
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Source: Nedbank
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