Daily Market Commentary Flash Note

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.