|Currencies||The rand is firmly on the back foot as a result of the deteriorating local outlook and a resurgent USD.|
|Commodities||Brent crude oil moved back above $76 per barrel on concerns over supplies.|
|Equities||Top40 -0.2%; We ended lower, but this was not a true reflection of the underlying sectors; The domestic space was under immense pressure, with banks and retailers in the firing line, as we continued to track headlines of looting/protesting spreading.|
|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
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