| Currencies | The rand recovers from its highs to currently trade sub-14.5000. |
| Commodities | Brent crude oil declined to trade just above $74 per barrel; Gold steady. |
| Equities | Chinese macro data comes in pretty much in line, which sees Asia trading mixed. Riot headlines and damage updates from corporates will continue to dominate our local market. |
| Economics | US PPI rose by 7.3% y/y in June; In the Eurozone, industrial production contracted by 1.0% m/m in May, from a revised 0.6%m/m increase previously; UK CPI rose 2.5% y/y in June from 2.1% y/y previously; SA retail sales rose 2.1% m/m in May, from -0.6% previously. |
| Date | Region | Event | Actual/Expected/Prior | Implications |
| 07/14 | SA | Retail sales | 15.8%/12.3%/95.7% | Retail sales rose 2.1% m/m in May, from -0.6% previously, better than consensus of 0.8%. |
| 07/14 | UK | CPI | 2.5%/2.2%/2.1% | Higher fuel, vehicle and food prices. |
| 07/14 | US | PPI | 7.3%/6.7%/6.6% | PPI rose by 7.3% y/y in June, from 6.6% in May, worse than consensus of 6.7%. |
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.
