Daily Market Commentary Flash Note – 13 September

https://cib.nedbank.co.za/2021/07/daily-market-commentary-flash-note-2-august-2021/
Currencies The rand this morning is currently holding steady around the 14,2000 level, having traded strongly towards the 14,00 level over the course of last week.
CommoditiesBenchmark crude oil prices are moving higher whilst Gold is better bid but remains below $1,800.
EquitiesChinese regulators take centre stage once more with the splitting up of Alipay, which sees Asian tech names on the back foot again.

DateRegionEventActual/Expected/PriorImplications
09/14USCPI YoY-/ 5.3%/ 5.4%Expecting a continuation of elevated inflation pressure in the US.
09/16USInitial jobless claims-/320k/310kLow jobless claims signal that the delta variant has not prompted a wave of mass layoffs.

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

Source: Nedbank

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By | 2021-09-13T10:03:32+02:00 September 13th, 2021|Markets and Research|0 Comments

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