https://cib.nedbank.co.za/2021/07/daily-market-commentary-flash-note-2-august-2021/
CurrenciesThe rand is on the back foot after the SARB MPC meeting; any strength is likely to be met with USD buying interest.
CommoditiesBrent crude oil moving back towards USD82 per barrel.
EquitiesTop40 -0,28%; European stocks declined; The S&P 500 Index rebounded from Wednesday’s dip; Asian stocks fell for a third day.
EconomicsSARB hikes repo rate to 3,75%.
11/18SASARB MPC3,75%/3,75%/3,5%SARB hiked interest rates by 25 bps.

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

Source: Nedbank

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