| 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. |
| Date | Region | Event | Actual/Expected/Prior | Implications |
| 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
Source: Nedbank
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