|Currencies||The rand has continued to post steady gains over the course of the week thus far, currently holding steady around the 14.5000 level.|
|Commodities||Benchmark crude oil prices are better bid ahead of the OPEC+ meeting.|
|Equities||US markets managed another month of positive gains despite last|
night’s selloff amid the consumer confidence and increasing home prices data; Futures are looking stronger in Asian trade as Chinese tech finds a bid.
|Economics||SA credit extension rises sharply in July; SA trade surplus narrows in July; US Consumer Confidence Index falls to 113,8 points.|
|31/08||US||Consumer Confidence||113.8/123.0/125.1||Consumer Confidence Index fell to 113,8 points, from a revised 125,1, given concerns over the delta variant and inflation.|
|01/09||SA||ABSA Manufacturing PMI||–/–/43.5||Effects from the July protests might weigh on sentiment towards the manufacturing industry.|
|03/09||US||Unemployment||–/5.2%/5.4%||Unemployment expected to drop to 5,2% in August.|
Nedbank CIB Market Commentary | CIBMarketComm@Nedbank.co.za | +27 11 537 4091
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