Daily Market Commentary Flash Note – 22 September 2021

https://cib.nedbank.co.za/2021/07/daily-market-commentary-flash-note-2-august-2021/
Currencies USD strength persists as markets eagerly await the FOMC meeting.
CommoditiesBrent crude oil has moved back above USD75; gold remains below USD1 780 per ounce.
EquitiesUS stocks fell in the final minutes of trading a day after registering the biggest slide in four months as traders assessed risks from China’s crackdown on the real-estate sector and this week’s Fed meeting.

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 | 2021-10-04T08:52:02+02:00 September 22nd, 2021|Markets and Research|0 Comments

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