https://cib.nedbank.co.za/2021/07/daily-market-commentary-flash-note-2-august-2021/
CurrenciesThe rand resisted a move beyond the 16,0000 level again, albeit in a limited liquidity environment.
CommoditiesOil is steady as traders await the response of OPEC+ to a coordinated release of strategic reserves by consuming nations.
EquitiesLocal bourse, along with the rest of the emerging markets, will be digesting the FOMC minutes, which were largely hawkish.
24/11USInitial jobless claims199k/ 260k/ 268kJobless claims were lower than expectations continuing a declining trend since the economy opened more broadly.
24/11USQ3 GDP annualized2.1%/ 2.2%/ 2.0%US economic growth was 2.1% reflecting somewhat stronger personal spending than the prior period.
24/11USNew home sales745k/ 800k/ 800kNew home sales came in lower than market expectations.
24/11SAPPI YoY-/ 8%/ 7.8%Inflation expectations continue to remain elevated.

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

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