| Currencies | The rand remains on the back foot as the USD holds onto its recent gains and risk trades poorly. |
| Commodities | Brent crude oil has dropped back below $70.50 per barrel; Platinum back above $1,000 per ounce. |
| Equities | Top40 +1.65%; European stocks climbed to the seventh straight record high, The S&P 500 edged higher to close at another record high after the Senate passed a USD550bn infrastructure spending package; Asian equities advanced. |
| Economics | SA manufacturing output disappoints in June. |
| Date | Region | Event | Actual/Expected/Prior | Implications |
| 11/08 | US | CPI | –/5.3%/5.4% | Annual inflation will be driven by higher housing costs; Monthly, inflation is expected to be driven by higher apparel and gas prices. |
| 12/08 | US | PPI | –/0.6%/1.0% | Driven by higher commodity prices. |
| 12/08 | UK | Industrial Production | –/-0.1%/-1.0% | Shortage in semiconductors weighing on car manufacturing. |
Nedbank CIB Market Commentary | CIBMarketComm@Nedbank.co.za | +27 11 537 4091
Source: Nedbank
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