Daily Market Commentary Flash Note – 17 September 2021

https://cib.nedbank.co.za/2021/07/daily-market-commentary-flash-note-2-august-2021/
Currencies USD trades higher as retail sales rebound.
CommoditiesOil prices headed for their fourth weekly gain; gold prices rose by 0,1% to USD1 755,32 an ounce.
EquitiesGlobal equities are trading steady ahead of the quarterly triple witching in the US. Sentiment around Evergrande has calmed into the weekend, which sees Hong Kong and China both trading back in the green.

DateRegionEventActual/Expected/PriorImplications
09/16USRetail Sales0,7%/-0,7%/-1,8%Retail sales rose by 0,7% m/m in August, up from a revised -1,8% m//m contraction in July, better than consensus of -0,7% m/m.
09/17EZCPI–/3,0%/2,2%Inflation to be driven by increased clothing and footwear prices as well as electricity prices.
09/17UKRetail Sales–/0,5%/-2,5%Driven by sales of clothing and personal-care items as employees prepare to return to their offices in September.

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

Source: Nedbank

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By | 2021-10-04T08:54:36+02:00 September 17th, 2021|Markets and Research|0 Comments

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