Currencies The rand recovers from its recent short-term high around the 15.0000 level, currently in the high 14.70s.
CommoditiesBenchmark crude oil prices better bid; Gold is hovering at $1,800 per ounce.
EquitiesUS markets closing at record highs was overshadowed by the regulatory crackdown by Chinese authorities.
27/07USConsumer confidence–/124/127.3Confidence expected to deteriorate in July, given concerns over the delta variant.
28/07USFOMC Meeting–/0.25%/0.25%No change in the interest rate policy expected.
29/07USGDP (1st print)–/8.5%/6.4%Better business and consumer confidence will boost growth.
29/07SAPPI–/7.3%/7.4%PPI expected to slow in June.

Nedbank CIB Market Commentary | | +27 11 537 4091

Source: Nedbank

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