Daily Market Commentary Flash Note – 20 July 2021

Currencies The rand remains vulnerable but holds relatively steady as a degree of calm returns to the country.
CommoditiesBrent crude oil is currently marking at $68.70; Gold remains well above $1,800 per ounce.
EquitiesTop40 -2.7%. A poor start to the week as economic recovery concerns dragged global markets lower.
DateRegionEventActual/Expected/PriorImplications
07/21SACPI–/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.
07/22SAMPC–/3.5%/3.5%Rates expected to be on hold.
07/22EZECB 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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By | 2021-07-20T09:20:00+02:00 July 20th, 2021|Markets and Research|0 Comments

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