| 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. |
| Date | Region | Event | Actual/Expected/Prior | Implications |
| 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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