Daily Market Commentary Flash Note – 01 October 2021

https://cib.nedbank.co.za/2021/07/daily-market-commentary-flash-note-2-august-2021/
Currencies The rand this morning is trading largely unchanged from the same time yesterday at 15,1100, although off its best levels of yesterday sub 15.0000.
CommoditiesBrent crude oil remains above USD78 per barrel; gold lower.
EquitiesTop40 -0.3%: a softer month- and quarter-end with industrials leading declines, financials ending slightly lower and resources, retailers and life insurers posting strong gains.
EconomicsUS third GDP reading for the second quarter was revised up to 6,7%; UK GDP finalised at 5,5%; SA producer price inflation rose by 7,2% yoy, trade balance widened to R42,4bn and the monthly budget deficit narrowed to -R39,3bn.

DateRegionEventActual/Expected/PriorImplications
09/30SAPPI7,2%/7,1%/7,1%Producer prices increased by 7,2% yoy.
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 | 2021-10-01T09:42:08+02:00 October 1st, 2021|Markets and Research|0 Comments

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