Daily Market Commentary Flash Note – 10 September

https://cib.nedbank.co.za/2021/07/daily-market-commentary-flash-note-2-august-2021/
Currencies The rand again extends its gains to reach its short-term technical objective.
CommoditiesGold closed higher on Thursday; oil prices lower.
EquitiesTop40 -2,2%; European stocks gained, erasing earlier losses; Stocks lost more ground on Wall Street; Asian equities climbed.

DateRegionEventActual/Expected/PriorImplications
09/09EZECB Main Refinancing Rate0,0%/0,0%/0,0%No policy rate change.
09/09SA Manufacturing Production-4.1%/3.0%/11.9%SA manufacturing production contracted 4,1% yoy and 8% m/m in July, from +11,9% yoy and -1,3% m/m in June.
09/10 UKMonthly GDP–/0,5%/1,0%Higher infection rates weighing on consumption and labour supply.
09/10 USPPI–/0,6%/1,0%Inflation driven by disruptions in the supply chain.

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

Source: Nedbank

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By | 2021-09-10T09:09:18+02:00 September 10th, 2021|Markets and Research|0 Comments

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