| Currencies | The rand recovers from its recent short-term high around the 15.0000 level, currently in the high 14.70s. |
| Commodities | Benchmark crude oil prices better bid; Gold is hovering at $1,800 per ounce. |
| Equities | US markets closing at record highs was overshadowed by the regulatory crackdown by Chinese authorities. |
| Date | Region | Event | Actual/Expected/Prior | Implications |
| 27/07 | US | Consumer confidence | –/124/127.3 | Confidence expected to deteriorate in July, given concerns over the delta variant. |
| 28/07 | US | FOMC Meeting | –/0.25%/0.25% | No change in the interest rate policy expected. |
| 29/07 | US | GDP (1st print) | –/8.5%/6.4% | Better business and consumer confidence will boost growth. |
| 29/07 | SA | PPI | –/7.3%/7.4% | PPI expected to slow in June. |
Nedbank CIB Market Commentary | CIBMarketComm@Nedbank.co.za | +27 11 537 4091
Source: Nedbank
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