https://cib.nedbank.co.za/2021/07/daily-market-commentary-flash-note-2-august-2021/
Currencies The rand again failed to consolidate any gains, currently trading above the 14,8000 short-term technical pivot.
CommoditiesSpot gold down 0,2% to USD1 790 an ounce; Brent crude prices declined by 0,5% to USD86 per barrel.
EquitiesTop40 +0,96% as US markets continue to trade at record highs with Europe hot on their heels.
DateRegionEventActual/Expected/PriorImplications
10/28SAPPI–/7,3%/7,2%Inflation expected to tick up slightly to 7,3% in September; in August, inflation was driven by higher fuel prices and supply chain-related issues – these remain key issues.
10/28EZMain refinancing rate–/0,0%/0,0%Rates expected to remain unchanged.
10/29SATrade balance–/R35,3bn/R42,4bnTrade surplus expected to narrow in September.

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

Source: Nedbank

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