| Currencies | The rand has recovered from its worst levels, but any further recovery is likely to attract renewed USD buying as the markets await news from the Fed. |
| Commodities | Brent crude oil back above $66 per barrel; Gold is 0.40% higher. |
| Equities | Top40 -0.19%; European equities staged a Friday-afternoon rally; US stocks gained on Friday as dip buyers piled in after a volatile week of trading; Asian stocks climbed by the most in three weeks. |
| Date | Region | Event | Actual/Expected/Prior | Implications |
| 26/08 | US | GDP | –/6.7%/6.5% | Stronger consumer and business demand. |
| 26/08 | SA | PPI | –/7.1%/7.7% | PPI expected to slow to 7.1% in July from 7.7% previously. |
| 27/08 | US | PCE Deflator | –/4.1%/4.0% | PCE price index expected to advance by 4.1% y/y. |
| 27/08 | US | University of Michigan Sentiment | –/71.0/81.2 | Sentiment expected to deteriorate in August, as a result of higher infection rates caused by the delta variant. |
Nedbank CIB Market Commentary | CIBMarketComm@Nedbank.co.za | +27 11 537 4091
Source: Nedbank
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