Daily Market Commentary Flash Note – 2 August 2021

Currencies The rand continues to hold steady around the 14.6000 level with little real trading activity to drive it in either direction.
CommoditiesBenchmark crude oil contracts have retreated whilst gold remained above $1,810 per ounce.
EquitiesAsian markets have started the week on the front foot as concerns over China’s regulatory crackdown eased and progress on a US infrastructure spending plan aided sentiment.
DateRegionEventActual/Expected/PriorImplications
02/08SAAbsa Manufacturing PMI-/ 54/ 57.4Absa PMI expected to come in slightly lower than previous month.
02/08SANaamsa vehicle sales YoY-/10,5%/20.2%Vehicle sales expected to grow 10.5% from prior year.
02/08USAISM Employment-/ 51.4/ 49.9USA employment data expected to come in at 51.4.

Nedbank CIB Market Commentary | CIBMarketComm@Nedbank.co.za | +27 11 537 4091

Source: Nedbank

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

By | 2021-08-02T14:32:10+02:00 August 2nd, 2021|Markets and Research|0 Comments

Leave A Comment