https://cib.nedbank.co.za/2021/07/daily-market-commentary-flash-note-2-august-2021/
CurrenciesMarket focus today will be on the outcome of the FOMC meeting after the time of the local close.
CommoditiesBenchmark crude oil prices retreated; gold is also in negative territory.
EquitiesTop40 closed +0,46%, tracking global markets higher ahead of tonight’s Fed meeting.
11/02SAAbsa Manufacturing PMMI53,6/55,8/54,7SA manufacturing PMI fell to 53,6 points in October, from 54,7 in September, worse than consensus estimates of 55,8.
11/02USFOMC rate decision –/0,0%/0,0%No changes in policy rates expected, but commentary around tapering will be closely watched.
11/04UKBOE rate–/0,1%/0,1%Policy rates expected to be on hold.

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

Source: Nedbank

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