Daily Market Commentary Flash Note – 28 September 2021

Currencies The rand yesterday again lost ground to trade above 15,0000 but has recovered marginally this morning.
CommoditiesBrent crude oil breaking above USD80 per barrel; PGMs mixed.
EquitiesAsian tech is one of very few sectors benefiting from the sell-off in US tech on rising UST yields; Oil is through USD80, and the USD has given back some of yesterday’s gains.

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 | 2021-10-04T08:50:44+02:00 September 28th, 2021|Markets and Research|0 Comments

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