Daily Market Commentary Flash Note – 20 August 2021

https://cib.nedbank.co.za/2021/07/daily-market-commentary-flash-note-2-august-2021/
Currencies The rand and its emerging-market peers retreat as the USD surges on the back of fears of a taper by the Fed.
CommoditiesBrent crude oil marking at $66.77 per barrel; Gold has moved back above $1,785 per ounce.
EquitiesGlobal risk assets wobbled ahead of futures expiry in the US as the persistent spread of the coronavirus and slowing China growth raised questions about whether the global economy can absorb the winding down of stimulus.

DateRegionEventActual/Expected/PriorImplications
08/19USLeading indicator0.9%/0.7%/0.5%The leading indicator rose by 0.9% to 116 index points.

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 | 2021-08-20T10:02:21+02:00 August 20th, 2021|Markets and Research|0 Comments

Leave A Comment