Daily Market Commentary Flash Note – 5 August 2021

https://cib.nedbank.co.za/2021/07/daily-market-commentary-flash-note-2-august-2021/
Currencies The rand retreats from its recent best levels around 14.2000 as the US data boosts the USD.
CommoditiesBenchmark crude oil prices fell overnight but have clawed back some gains this morning. Gold is little changed marking at a touch above $1,810 per ounce.
EquitiesEuropean equities climbed, marking their longest streak of record highs since June, as a rebound in corporate profit continued to buoy investor sentiment.
DateRegionEventActual/Expected/PriorImplications
04/08USAADP employment change330k/ 680k/ 692kThe United States added 330k Non-farm private sector jobs in July, lower than the market had expected.
05/08USAInitial jobless claims-/ 384k/ 400kJobless claims expected to decline from previous levels.
06/08USAUnemployment rate-/5.7%/5.9%Unemployment rate expected to improve.
05/08SAGross reserves-/ 54.60b/ 54.47bGross reserves consensus at $54.60b.

Nedbank CIB Market Commentary | CIBMarketComm@Nedbank.co.za | +27 11 537 4091

Source: Nedbank

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By | 2021-08-05T09:41:29+02:00 August 5th, 2021|Markets and Research|0 Comments

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