| Currencies | The rand again posted incremental gains on the day as market participants appear to remain on the side lines. |
| Commodities | Benchmark crude oil prices mixed; Gold little changed. |
| Equities | Chinese trade data for August surprises to the upside, adding to the positive sentiment across equity markets despite the growing delta- variant cases globally. |
| Economics | In SA, the BER Consumer Confidence Index (CCI) improved to -10 index points in Q3, from -13 points in Q2. |
| Date | Region | Event | Actual/Expected/Prior | Implications |
| 09/07 | SA | GDP | –/17,8%/-3,2% | GDP expected to grow by 17,8% yoy given a lower base from last year. |
| 09/09 | EZ | ECB Main Refinancing Rate | –/0,0%/0,0% | No policy rate change expected, but announcements regarding asset purchases made under the PEPP will be closely watched. |
| 09/10 | UK | Monthly GDP | –/0,5%/1,0% | Higher infection rates weighing on consumption and labour supply. |
| 09/10 | US | PPI | –/0,6%/1,0% | Inflation driven by disruptions in the supply chain. |
Nedbank CIB Market Commentary | CIBMarketComm@Nedbank.co.za | +27 11 537 4091
Source: Nedbank
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