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