Currencies The rand continues to occupy limited trading ranges as activity and liquidity remain muted.
CommoditiesBrent crude oil falling back below $70 per barrel; Gold is lower, marking at $1,775 per ounce.
EquitiesWith 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.
17/08UKUnemployment–/4.8%/4.8%Unemployment expected to hold steady at 4.8%.
17/08USRetail Sales–/-0.2%/0.6%Decline in vehicle sales expected to weigh on retail sales.
17/08USIndustrial production–/0.5%/0.4%Lower vehicle production coupled with supply chain bottlenecks.
18/08SACPI–/4.7%/4.9%Slower food and fuel prices.
18/08CPIUK–/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 | | +27 11 537 4091

Source: Nedbank

If you are looking for other relevant market commentary, you might find Markets and Research relevant as well.