Daily Market Commentary Flash Note – 7 September

https://cib.nedbank.co.za/2021/07/daily-market-commentary-flash-note-2-august-2021/
Currencies The rand again posted incremental gains on the day as market participants appear to remain on the side lines.
CommoditiesBenchmark crude oil prices mixed; Gold little changed.
EquitiesChinese trade data for August surprises to the upside, adding to the positive sentiment across equity markets despite the growing delta- variant cases globally.
EconomicsIn SA, the BER Consumer Confidence Index (CCI) improved to -10 index points in Q3, from -13 points in Q2.

DateRegionEventActual/Expected/PriorImplications
09/07SAGDP–/17,8%/-3,2%GDP expected to grow by 17,8% yoy given a lower base from last year.
09/09EZECB 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 UKMonthly GDP–/0,5%/1,0%Higher infection rates weighing on consumption and labour supply.
09/10 USPPI–/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.

By | 2021-09-07T09:54:56+02:00 September 7th, 2021|Markets and Research|0 Comments

Leave A Comment