Daily Market Commentary Flash Note – 3 September 2021

https://cib.nedbank.co.za/2021/07/daily-market-commentary-flash-note-2-august-2021/
Currencies As the USD has traded on the back foot over the course of the week thus far, the rand has recovered from an open on Monday around 14,7200 to the current levels at 14,4100.
CommoditiesBrent crude oil remains steady at USD73 per barrel; gold is hovering a touch above USD1 810 per ounce.
EquitiesWall Street closed at record highs once again with cyclicals leading markets higher ahead of the jobs report today.

DateRegionEventActual/Expected/PriorImplications
03/09USUnemployment–/5.2%/5.4%Unemployment expected to drop to 5,2% in August.

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

Source: Nedbank

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By | 2021-09-03T08:46:16+02:00 September 3rd, 2021|Markets and Research|0 Comments

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