Daily Market Commentary Flash Note – 20 September 2021

https://cib.nedbank.co.za/2021/07/daily-market-commentary-flash-note-2-august-2021/
Currencies The rand started the local session trading at 14,5825.
CommoditiesBenchmark crude oil prices have declined; gold has dropped below USD1 750 per ounce.
EquitiesTop40 -0,9%; European shares retreated on Friday; The S&P 500 closed at the lowest level in nearly a month; Asian stocks dropped.
EconomicsCPI in the Eurozone accelerated to 3,0% yoy in August, from 2,2% yoy in July.

DateRegionEventActual/Expected/PriorImplications
09/22SACPI–/4,9%/4,6%Higher food and fuel prices.
09/22USFOMC rate decision–/0,25%/0,25%Rates expected to remain
unchanged at the upper bound of 0,25%.
09/23UKBOE rate decision–/0,1%/0,1%No change expected in policy rate.
09/23SASARB interest rate decision–/3,5%/3,5%No change expected given low growth in 3Q.

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

Source: Nedbank

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By | 2021-10-04T08:52:34+02:00 September 20th, 2021|Markets and Research|0 Comments

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