| Currencies | The rand recovers from its weakest levels above 14.5000 but remains on the back foot. |
| Commodities | Brent crude oil marking a touch above $75.30 per barrel; Gold is just below $1,810 per ounce. |
| Equities | US stocks advanced to fresh all-time highs on earnings expectations ahead of JPM and GS, which kick off the earnings flurry today. |
| Date | Region | Event | Actual/Expected/Prior | Implications |
| 07/12 | SA | Manufacturing production | 35.3%/46.8%/87.9% | Manufacturing production is expected to increase by 1.2% m/m. |
| 07/14 | SA | Retail sales | –/12.5%/95.8% | As a result of a higher sales base in May 2020 when government extended the list of permissible goods. |
| 07/14 | UK | CPI | –/2.2%/2.1% | Higher fuel prices. |
| 07/14 | US | PPI | –/6.7%/6.6% | Inflation driven by commodity prices and supply constraints. |
Nedbank CIB Market Commentary | CIBMarketComm@Nedbank.co.za | +27 11 537 4091
Source: Nedbank
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