Daily Market Commentary Flash Note – 14 September

https://cib.nedbank.co.za/2021/07/daily-market-commentary-flash-note-2-august-2021/
Currencies The rand again held steady around the 14,2000 level; market focus today will be on the US data.
CommoditiesGold remains below USD1 800 per ounce, while PGMs are still languishing.
EquitiesStocks and Treasuries were steady this morning; oil continues to move higher ahead of US inflation data that could give greater clarity on the Federal Reserve’s likely timeline for paring stimulus.

DateRegionEventActual/Expected/PriorImplications
09/14USACPI YoY-/5,3%/5,4%Expecting a continuation of elevated inflation pressure in the US.
09/15SAJuly retail sales constant yoy-/3,3%/10,4%Lower July retail sales growth impacted by the civil unrest and looting of stores in KZN and Gauteng.
09/16USAInitial 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

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

By | 2021-09-14T08:58:35+02:00 September 14th, 2021|Markets and Research|0 Comments

Leave A Comment