https://cib.nedbank.co.za/2021/07/daily-market-commentary-flash-note-2-august-2021/
CurrenciesA slew of economic data releases due out of the US later today could see investors sit on the sidelines till then.
CommoditiesIron ore is still marching on up 3.26% this morning.
EquitiesThe rand ends the session unchanged around the 15,8600 level, initially having traded towards the 16,0000 handle; it has recovered but remains vulnerable.
24/11USInitial jobless claims-/ 260k/ 268kLevel points to a more favourable hiring environment at year end.
24/11USQ3 GDP annualized-/ 2.2%/ 2.0%US consumer expected to drive the rebound.
24/11USNew home sales-/ 800k/ 800kNew home sales expected to remain unchanged.

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

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