Daily Market Commentary Flash Note – 26 August 2021

https://cib.nedbank.co.za/2021/07/daily-market-commentary-flash-note-2-august-2021/
Currencies The rand has continued to post steady gains over the course of the week; it has thus far managed to consolidate its marginal gains sub-15.0000.
CommoditiesOil prices declined given a poor demand outlook; Spot gold dropped 0.1%.
EquitiesNew highs in the US equity markets have not flowed through to sentiment in Asian trading ahead of Jackson Hole as markets remain split on the Fed’s upcoming message.

DateRegionEventActual/Expected/PriorImplications
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 | 2021-08-26T09:02:09+02:00 August 26th, 2021|Markets and Research|0 Comments

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