|Currencies||The rand has thus far maintained its recent gains sub-15.0000; technically, a close on the week sub-14.9400 would bode well for further potential gains.|
|Commodities||Oil prices declined on Thursday given a rise in Covid-19 cases.|
|Equities||Top 40 -0.6%; Economically sensitive shares led European stocks lower on Thursday; The S&P 500 closed in the red; Asian equities fluctuated in a narrow range.|
|Economics||SA PPI rose by 7.1% y/y in July, down from 7.7% y/y previously, in line with consensus.|
|26/08||SA||PPI||7.1%/7.1%/7.7%||PPI rose by 7.1% y/y in July, down from 7.7% y/y previously, in line with consensus.|
|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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