| Currencies | The rand continues to post gains as US data disappoints; given the extent of these recent gains, we remain cautious of a short-term technical correction. |
| Commodities | Brent crude oil fell back below USD72 per barrel; gold has held on to most of its gains. |
| Equities | Top40 -0,5%; European stocks extended their decline; The S&P 500 closed little changed on Friday; Asian stocks rose. |
| Date | Region | Event | Actual/Expected/Prior | Implications |
| 09/09 | SA | GDP | –/17,8%/-3,2% | GDP expected to grow by 17,8% yoy given a lower base from last year. |
| 09/09 | EZ | ECB Main Refinancing Rate | –/0,0%/0,0% | No policy rate change expected, but announcements regarding asset purchases made under the PEPP will be closely watched. |
| 09/10 | UK | Monthly GDP | –/0,5%/1,0% | Higher infection rates weighing on consumption and labour supply. |
| 09/10 | US | PPI | –/0,6%/1,0% | Inflation driven by disruptions in the supply chain. |
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.
