Daily Market Commentary Flash Note – 29 September 2021

https://cib.nedbank.co.za/2021/07/daily-market-commentary-flash-note-2-august-2021/
Currencies The rand remains on the back foot after an overnight close above the 15,0000 level.
CommoditiesBrent crude oil has dropped to trade back below USD78 per barrel.
EquitiesThe S&P 500 dropped the most in more than four months on Tuesday,
ending the session -2% with technology stocks leading declines as rising Treasury yields spurred investors to rotate out of pricey growth stocks.
EconomicsUS consumer confidence fell to 109,3 index points in September.

DateRegionEventActual/Expected/PriorImplications
09/28USConsumer confidence109,3/115,0/115,2Consumer sentiment worsened given concerns over the delta variant and high inflation.
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

If you are looking for other relevant market commentary, you might find Markets and Research relevant as well.

By | 2021-10-04T08:50:42+02:00 September 29th, 2021|Markets and Research|0 Comments

Leave A Comment