|Currencies||Overnight cabinet reshuffle sees the rand trade on the back foot, this morning holding around the 14.5000 level.|
|Commodities||Gold has declined and is hovering at $1,800 per ounce while PGM’s are also better offered with platinum nearing $1,000 per ounce.|
|Equities||Tencent up 3.74% as it resumed signing up users for its WeChat messaging app, days after suspending registrations for unspecified technical upgrades.|
|05/08||USA||Initial jobless claims||385k/ 384k/ 400k||Jobless claims declined indicating a ease in labour market supply frictions. The delta variant remains a key downside risk.|
|06/08||USA||Unemployment rate||-/5.7%/5.9%||Unemployment rate expected to improve.|
|06/08||SA||Gross reserves||-/ 54.60b/ 54.47b||Gross reserves consensus at $54.60b.|
Nedbank CIB Market Commentary | CIBMarketComm@Nedbank.co.za | +27 11 537 4091
If you are looking for other relevant market commentary, you might find Markets and Research relevant as well.