Daily Market Commentary Flash Note – 12 August 2021

https://cib.nedbank.co.za/2021/07/daily-market-commentary-flash-note-2-august-2021/
Currencies The rand recovers from its recent high to trade in the mid-14.60s currently.
CommoditiesBrent crude oil is marking at $71.50 per barrel; Gold remains above $1,750 per ounce.
EquitiesTOP40 -0.1%; European equities rose to their eighth straight record on Wednesday; The S&P 500 closed at a fresh record; Asian stocks traded mostly lower.
EconomicsUS consumer price inflation rose by 0.5% m/m in July.
DateRegionEventActual/Expected/PriorImplications
11/08USCPI5.4%/5.3%/5.4%Annual inflation unchanged at 5.4%.
12/08USPPI–/0.6%/1.0%Driven by higher commodity prices.
12/08UKIndustrial 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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By | 2021-08-12T09:14:09+02:00 August 12th, 2021|Markets and Research|0 Comments

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