Daily Market Commentary Flash Note – 8 July 2021

Currencies The rand, although trading cautiously, holds steady around the 14.3500 level after the FOMC minutes.
CommoditiesBrent crude oil has declined to trade back below $73.50 per barrel; Gold is a touch below $1,800 per ounce.
EquitiesUS stocks were mostly higher Wednesday, with the S&P 500 hitting a record high following the release of the Fed minutes.
DateRegionEventActual/Expected/PriorImplications
09/07UKGDP–/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

Source: Nedbank

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By | 2021-07-08T10:18:25+02:00 July 8th, 2021|Markets and Research|0 Comments

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