https://cib.nedbank.co.za/2021/07/daily-market-commentary-flash-note-2-august-2021/
CurrenciesThe rand trades rapidly weaker as local factors weigh on the currency.
CommoditiesThe decline in ZAR has seen Brent crude oil remain above R1,300 per barrel.
EquitiesThe new covid variant arising in Southern Africa has rocked global markets overnight, and the risk-off sentiment has been made worse by the UK putting South Africa onto the red list.
25/11SAPPI YoY 8.1%/ 8%/ 7.8%Producer price inflation rose more than expected in October.

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

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