Currencies Yesterday, the rand initially traded weaker before recovering to the current levels sub-15,0000 in the New York session.
CommoditiesBrent crude oil is marking just above USD80,50 per barrel; gold is hovering at USD1 760 per ounce.
EquitiesTop40 closed -1%; European stocks declined Wednesday; The S&P 500 closed higher; Asian stocks rallied.
EconomicsRetail sales in the Eurozone remained unchanged yoy in August; US private sector added 568 000 jobs.

10/06USADP employment change568k/430k/340kDriven by jobs in the services sector.
10/06EZRetail sales0,0%/0,4%/3.1%Retail sales remained unchanged on an annual basis.
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 | | +27 11 537 4091

Source: Nedbank

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