Daily Market Commentary Flash Note – 27 September 2021

https://cib.nedbank.co.za/2021/07/daily-market-commentary-flash-note-2-august-2021/
Currencies The rand continued on its declining trajectory to reach 15,0000; this morning, it has recovered marginally to currently trade at 14,9100.
CommoditiesBrent crude oil is marking at USD79 per barrel; gold is above USD1 750 per ounce.
EquitiesTop40 +1,2%; European stocks slipped on Friday; The S&P 500 closed higher for a third straight session on Friday; Asian stocks advanced.

DateRegionEventActual/Expected/PriorImplications
09/28USConsumer confidence–/115,0/113,8Consumer sentiment is expected to improve given higher household net worth; however, the pandemic remains a key risk.
09/30SAPPI–/7,2%/7,1%Producer prices expected to rise by 7,2% yoy and 0,9% m/m in August.
10/01EZCPI–/3,5%/3,0%Higher electricity and gas prices.
10/01USPCE deflator–/3,5%/3,6%Expected to increase by 3,5% yoy and 0,3% m/m in August.

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

Source: Nedbank

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By | 2021-10-04T08:51:56+02:00 September 27th, 2021|Markets and Research|0 Comments

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