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