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