|Currencies||The rand has found favour as sentiment towards risk assets has improved; it is currently trading around the 15.0000 level.|
|Commodities||Brent crude dropped by 0.5% to $70.71 per barrel; Gold prices declined to $1,796.31.|
|Equities||Top40 +1%; The Stoxx Europe 600 index finished Tuesday’s session less than 0.1% lower; The S&P 500 hit another record high; Asian stocks swung between gains and losses.|
|Economics||Unemployment rate rises to record high in Q2.|
|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
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