Daily Market Commentary Flash Note – 24 August 2021

Currencies The rand posted steady gains in yesterday’s session, this after losing ground over the course of the previous week.
CommoditiesGold trading above $1800 an ounce.
EquitiesExpect miners to remain better bid with the reflation trade back on the cards.

26/08USGDP –/6.7%/6.5%Stronger consumer and business demand.
26/08SAPPI–/7.1%/7.7%PPI expected to slow to 7.1% in July from 7.7% previously.
27/08USPCE Deflator–/4.1%/4.0%PCE price index expected to advance by 4.1% y/y.
27/08USUniversity of Michigan Sentiment–/71.0/81.2Sentiment 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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By | 2021-08-24T09:22:04+02:00 August 24th, 2021|Markets and Research|0 Comments

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