Market Commentary: July 2021
Global Market Themes: Developed Market (DM) equities continued to perform well, MSCI World gains 1.7% in USD Emerging Market (EM) equities decline, against the backdrop China’s additional regulations Safe haven assets find favour amidst concerns around Delta variant and slowing global growth Commodities led higher by gold SA Market Themes: Wide-spread unrest dominates local news, causing investor jitters Local equities shrug off socio-political concerns, closing over 4% higher. Resources lead the charge on the local equity front