https://cib.nedbank.co.za/2021/07/daily-market-commentary-flash-note-2-august-2021/
Currencies The rand has continued posting gains over the week thus far, trading to a best level around the 14,7000, although it is marginally weaker this morning.
CommoditiesOil prices heading for an eighth weekly gain.
EquitiesTop40 closed +1,5%; European stocks rose to a three-week high; The S&P 500 closed +1,7%; Asian stocks headed for the biggest weekly gain in more than a month.
DateRegionEventActual/Expected/PriorImplications
10/14USPPI8,6%/8,7%/8,3%PPI accelerated to 8,6% yoy in September, from 8,3% yoy previously.
10/15USRetail sales–/-0,2%/0,7%Retail sales expected to contract in September.

Nedbank CIB Market Commentary | CIBMarketComm@Nedbank.co.za | +27 11 537 4091

Source: Nedbank

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