Daily Market Commentary Flash Note – 05 October 2021

https://cib.nedbank.co.za/2021/07/daily-market-commentary-flash-note-2-august-2021/
Currencies The rand opened the week positively around the 14,9000 level but fails to consolidate as appetite for risk diminishes; it is currently around the 15,0700 level.
CommoditiesBrent crude oil remains north of USD81,50 per barrel.
EquitiesAsian stocks slipped, led by Japan and Korea, as surging commodity prices fuelled concerns about global inflation.page1image3584249616

DateRegionEventActual/Expected/PriorImplications
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 end.

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

Source: Nedbank

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By | 2021-10-05T09:31:08+02:00 October 5th, 2021|Markets and Research|0 Comments

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