Daily Market Commentary Flash Note – 04 October 2021

Currencies The rand is kicking off the month with a marginally improved bias, managing a sub-15,0000 close to the week; this morning, it remains in positive territory although off its best levels.
CommoditiesBrent crude oil remains above USD79 per barrel; gold has dipped back below USD1 760 per ounce.
EquitiesWe expect a rather dull start to the week – all eyes on the US labour market later this week.
EconomicsGlobal manufacturing PMI data.

10/01ALLManufacturing PMIGlobally, we saw manufacturing PMIs ease during September.
10/05EZPPI–/13,5%/12,1%Producer prices are expected to accelerate by 1,3% m/m and 13,5% yoy.
10/06EZRetail sales–/0,4%/3.1%Retail sales expected to grow by 0,9% m/m (0,4% yoy), after contracting
by -2,3% m/m previously.
10/08USUnemployment rate–/5.1%/5.2%Unemployment expected to ease, driven by more people entering the job market after the pandemic unemployment benefit payments ended.

Nedbank CIB Market Commentary | CIBMarketComm@Nedbank.co.za | +27 11 537 4091

Source: Nedbank

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By | 2021-10-05T09:15:48+02:00 October 4th, 2021|Markets and Research|0 Comments

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