Daily Market Commentary Flash Note – 9 July 2021

Currencies The rand continues to trade within limited ranges, holding around the 14.3000 level.
CommoditiesBrent crude oil marking at a touch above $74 per barrel; Gold moved back above $1,800 per ounce.
EquitiesThe Delta variant is causing a pullback across risk assets as investors weigh up new lockdowns across the globe.
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 | 2021-07-09T10:05:33+02:00 July 9th, 2021|Markets and Research|0 Comments

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