| Currencies | The rand holds steady as the levels of unrest and looting subside, currently trading at 14.5500. |
| Commodities | Benchmark crude oil prices continued to retreat from the highs seen earlier in the week; Gold was little changed. |
| Equities | Top40 closed -0.5% as the market drifted lower as various corporates released updates on losses incurred from this week’s unrest. |
| Economics | US Empire Manufacturing rose to 43.0 in July, from 17.4 previously, Industrial production rose by 0.4% m/m in June; Chinese GDP grew by 7.9%y/y in 2Q21. |
| Date | Region | Event | Actual/Expected/Prior | Implications |
| 15/07 | US | Empire Manufacturing | 43.0/18.0/17.4 | US Empire Manufacturing rose to 43.0 in July, from 17.4 previously, better than consensus of 18 points. |
| 15/07 | US | Industrial production | 0.4%/0.6%/0.7% | US Industrial production rose by 0.4% m/m in June, down from 0.7% m/m in May. |
Nedbank CIB Market Commentary | CIBMarketComm@Nedbank.co.za | +27 11 537 4091
Source: Nedbank
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