Daily Market Commentary Flash Note – 30 August 2021

https://cib.nedbank.co.za/2021/07/daily-market-commentary-flash-note-2-august-2021/
Currencies Trading activity today is likely to be relatively limited with the London markets closed for a bank holiday; the rand is holding steady at its recent lows around 14.7000 currently.
CommoditiesBrent crude oil has moved back below $73 per barrel; Gold has retained its bid bias.
EquitiesWe expect a relatively quiet day with London closed for a banking holiday.

DateRegionEventActual/Expected/PriorImplications
27/08USPCE Deflator4.2%/4.1%/4.0%Goods inflation rose by 5.4% y/y and services inflation by 3.5% y/y.
31/08EZCPI–/2.7%/2.2%Higher clothing and footwear prices.
31/08USConsumer Confidence–/123.0/129.1Rising infection rates caused by the delta variant might weigh on consumer confidence.
01/09SAABSA Manufacturing PMI–/–/43.5Effects from the July protests might weigh on sentiment in the manufacturing industry.
03/09USUnemployment–/5.2%/5.4%Unemployment expected to drop to 5.2% in August.

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

Source: Nedbank

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By | 2021-08-30T09:38:57+02:00 August 30th, 2021|Markets and Research|0 Comments

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