| Currencies | The rand continues to trade within a limited range; liquidity is likely to be tested today as market participants await the outcome of the FOMC. |
| Commodities | Benchmark crude oil prices have gained marginally; Gold has moved back above $1,800 per ounce. |
| Equities | Top40 -1.1%. Another painful session as our heavyweight NPNPRX tracked the global tech selloff. |
| Date | Region | Event | Actual/Expected/Prior | Implications |
| 27/07 | US | Consumer confidence | 129.1/123.9/128.9 | Confidence index rose to 129.1 from a revised 128.9. |
| 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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