Daily Market Commentary Flash Note – 27 August 2021

https://cib.nedbank.co.za/2021/07/daily-market-commentary-flash-note-2-august-2021/
Currencies The rand has thus far maintained its recent gains sub-15.0000; technically, a close on the week sub-14.9400 would bode well for further potential gains.
CommoditiesOil prices declined on Thursday given a rise in Covid-19 cases.
EquitiesTop 40 -0.6%; Economically sensitive shares led European stocks lower on Thursday; The S&P 500 closed in the red; Asian equities fluctuated in a narrow range.
EconomicsSA PPI rose by 7.1% y/y in July, down from 7.7% y/y previously, in line with consensus.

DateRegionEventActual/Expected/PriorImplications
26/08SAPPI7.1%/7.1%/7.7%PPI rose by 7.1% y/y in July, down from 7.7% y/y previously, in line with consensus.
27/08USPCE Deflator–/4.1%/4.0%PCE price index expected to advance by 4.1% y/y.
27/08USUniversity of Michigan Sentiment–/71.0/81.2Sentiment expected to deteriorate in August, as a result of higher infection
rates caused by the delta variant.

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

Source: Nedbank

If you are looking for other relevant market commentary, you might find Markets and Research relevant as well.

By | 2021-08-27T09:29:19+02:00 August 27th, 2021|Markets and Research|0 Comments

Leave A Comment