
Currencies | The rand continues to occupy limited trading ranges as activity and liquidity remain muted. |
Commodities | Brent crude oil falling back below $70 per barrel; Gold is lower, marking at $1,775 per ounce. |
Equities | With the US earnings season behind us and summer holidays rolling in, we can expect some risk-off sentiment given how strong markets have been of late; Chinese macro data misses, also weighing on sentiment. |

Date | Region | Event | Actual/Expected/Prior | Implications |
17/08 | UK | Unemployment | –/4.8%/4.8% | Unemployment expected to hold steady at 4.8%. |
17/08 | US | Retail Sales | –/-0.2%/0.6% | Decline in vehicle sales expected to weigh on retail sales. |
17/08 | US | Industrial production | –/0.5%/0.4% | Lower vehicle production coupled with supply chain bottlenecks. |
18/08 | SA | CPI | –/4.7%/4.9% | Slower food and fuel prices. |
18/08 | CPI | UK | –/2.3%/2.5% | Inflation expected to ease to 2.3% y/y in July, due to a higher base in 2020 when firms increased prices as a result of increased costs related to Covid-19. |
Nedbank CIB Market Commentary | CIBMarketComm@Nedbank.co.za | +27 11 537 4091
Source: Nedbank
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