| 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. |
| 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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