Currencies Stronger USD dominates the currency markets.
CommoditiesBrent crude oil back below $69 per barrel; Gold has fallen back below $1,810 per ounce.
EquitiesAsian equity markets are mixed as global investors weigh the solid US earnings vs an increasingly worrying pickup in COVID-19 cases.
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 | | +27 11 537 4091

Source: Nedbank

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