Daily Market Commentary Flash Note – 24 June 2021

Currencies The rand holds steady around the 14.2500 level.
CommoditiesBrent crude oil remains above $75 per barrel; Gold remains well below $1,800 per ounce.
EquitiesWall Street shares were mixed on Wednesday, with the Nasdaq closing at a record high, while other major US indices ended lower alongside.
EconomicsSA CPI rises in line with consensus, driven by food and fuel prices.
DateRegionEventActual/Expected/PriorImplications
06/23SACPI5.2%/5.2%/4.4%Upside pressure on CPI in May came from fuel, energy and food costs.
06/24SAPPI–/7.4%/6.7%Driven by higher fuel prices.
06/24UKBOE Rate–/0.1%/0.1%No change expected in the bank rate.

Nedbank CIB Market Commentary | CIBMarketComm@Nedbank.co.za | +27 11 537 4091

Source: Nedbank

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By | 2021-06-24T08:57:04+02:00 June 24th, 2021|Markets and Research|0 Comments

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