|Currencies||The rand continues to lose ground relative to the USD along with its emerging-market peers.|
|Commodities||Gold has fallen back towards USD1 790 per ounce, while PGMs are better bid, with palladium bouncing back above USD2 000 per ounce.|
|Equities||The S&P 500 Index gained the most in two and a half weeks, driven by a rally in energy-sector stocks as the price of oil advanced.|
|09/15||SA||July retail sales constant yoy||-0,8%/3,3%/10,4%||Lower July retail sales growth impacted by the civil unrest and looting of stores in KZN and Gauteng. SA retail sales contracted 11,2% m/m in July, from +0,7% in June, much worse than consensus of -2,7%.|
|09/16||USA||Initial jobless claims||-/323k/310k||Low jobless claims signal that the delta variant has not prompted a wave of mass layoffs.|
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.