|Currencies||The rand trades on the back foot as markets await the FOMC minutes.|
|Commodities||Benchmark crude oil prices fell; Gold moved back above $1,800 per ounce.|
|Equities||US stocks fell, snapping a streak of seven consecutive closing record highs, as a plunge in Treasury yields to the lowest since February weighed on banks and small caps.|
|06/07||EZ||Retail Sales||4.6%/4.3%/-3.9%||Retail sales rose 4.6% m/m, from -3.9% previously, better than consensus of 4.3%.|
|06/07||US||ISM Services Index||60.1/63.5/64.0||The largest drop was seen in employment, which translated into weaker business optimism.|
|09/07||UK||GDP||–/3.9%/1.5%||Economy expected to grow by 3.9% q/q, supported by the re-opening of the hospitality sector.|
Nedbank CIB Market Commentary | CIBMarketComm@Nedbank.co.za | +27 11 537 4091
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