Daily Market Commentary Flash Note – 9 September

https://cib.nedbank.co.za/2021/07/daily-market-commentary-flash-note-2-august-2021/
Currencies The rand again extended its short-term gains, despite generally poorer risk trading; focus now shifts to the ECB and Fed speakers.
CommoditiesBrent crude oil nearing USD73 per barrel; gold marking a touch below USD1 790 per ounce.
EquitiesGiven the move in Tencent down 6,70% this morning, the likes of NPNPRX should weigh on our market at the open.

DateRegionEventActual/Expected/PriorImplications
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

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By | 2021-09-09T09:00:27+02:00 September 9th, 2021|Markets and Research|0 Comments

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