Daily Market Commentary Flash Note – 30 September 2021

https://cib.nedbank.co.za/2021/07/daily-market-commentary-flash-note-2-august-2021/
Currencies The rand continues to trade on the back foot as any signs of recovery are met with renewed demand for USD.
CommoditiesBrent crude oil marking a touch below USD78,50 per barrel.
EquitiesWith the month drawing to a close, perhaps looking at MTD moves could provide some perspective; Top40 -4,94%, precious metals and mining – 18,50%, Resi10 -13,79%, retailers -8,38%, banks -0,4%, SAPY -2,79%, Indi21 -0,26% and telcos +5,16.
EconomicsEconomic confidence in the Eurozone ticked up in September.

DateRegionEventActual/Expected/PriorImplications
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 | 2021-10-01T09:31:24+02:00 September 30th, 2021|Markets and Research|0 Comments

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