|Currencies||The rand continues to lose ground as global risk aversion increases.|
|Commodities||Brent crude oil back below $69,50 per barrel; Gold gained overnight.|
|Equities||Markets started the week on a cautious note as geopolitical risk flared up and concerns of China’s “slowing” resurfaced.|
|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
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