Daily Market Commentary Flash Note – 27 July 2021

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.
DateRegionEventActual/Expected/PriorImplications
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 | CIBMarketComm@Nedbank.co.za | +27 11 537 4091

Source: Nedbank

If you are looking for other relevant market commentary, you might find Markets and Research relevant as well.

By | 2021-07-27T10:00:40+02:00 July 27th, 2021|Markets and Research|0 Comments

Leave A Comment