|Currencies||The rand lost some ground yesterday; however, it remains in positive territory, having opened the month at 14,5000.|
|Commodities||Benchmark crude oil prices are little changed; gold has retreated below USD1 800 per ounce.|
|Equities||Top40 closed +0,51% on the day; European equities fell Tuesday; The S&P 500 closed in the red after the Labor Day weekend; Asian stocks retreated.|
|Economics||GDP in the Eurozone grew by 2,2% q/q in 2Q21, while SA real GDP growth rose to 1,2% q/q.|
|09/07||SA||GDP||19,3%/17,8%/-2,6%||GDP up 19,3% y/y in 2Q21,|
from -2,6% in 1Q.
|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
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