Currencies The rand is firmly on the back foot as a result of the deteriorating local outlook and a resurgent USD.
CommoditiesBrent crude oil moved back above $76 per barrel on concerns over supplies.
EquitiesTop40 -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.
DateRegionEventActual/Expected/PriorImplications
07/14SARetail sales–/12.5%/95.8%As a result of a higher sales base in May 2020 when government extended the list of permissible goods.
07/14UKCPI–/2.2%/2.1%Higher fuel prices.
07/14USPPI–/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

If you are looking for other relevant market commentary, you might find Markets and Research relevant as well.