| Currencies | The rand remains vulnerable but holds relatively steady as a degree of calm returns to the country. |
| Commodities | Brent crude oil is currently marking at $68.70; Gold remains well above $1,800 per ounce. |
| Equities | Top40 -2.7%. A poor start to the week as economic recovery concerns dragged global markets lower. |
| Date | Region | Event | Actual/Expected/Prior | Implications |
| 07/21 | SA | CPI | –/4.8%/5.2% | Inflation expected to ease in June. Inflation in May was higher given the lower base in 2020 when fuel prices slumped. |
| 07/22 | SA | MPC | –/3.5%/3.5% | Rates expected to be on hold. |
| 07/22 | EZ | ECB Main Refinancing Rate | –/0.0%/0.0% | Rates expected to be on hold. |
Nedbank CIB Market Commentary | CIBMarketComm@Nedbank.co.za | +27 11 537 4091
Source: Nedbank
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