Daily Market Commentary Flash Note – 25 June 2021

Currencies The rand holds steady again around the 14.2000 level.
CommoditiesBrent crude oil marking at $75,75 per barrel.
EquitiesAsian stocks rose Friday after US shares hit a record high on the USD579bn bipartisan US infrastructure deal.
EconomicsSA PPI rose to 7.4% y/y in May; The BOE kept its bank rate unchanged at 0.1%.
DateRegionEventActual/Expected/PriorImplications
06/24SAPPI–/7.4%/6.7%The key upward driver of producer input costs were prices of coke, petroleum and chemical products.
06/24UKBOE Rate–/0.1%/0.1%The BOE kept its bank rate unchanged at 0.1%.

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

Source: Nedbank

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By | 2021-06-25T09:25:59+02:00 June 25th, 2021|Markets and Research|0 Comments

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