Daily Market Commentary Flash Note – 07 October 2021

https://cib.nedbank.co.za/2021/07/daily-market-commentary-flash-note-2-august-2021/
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.

DateRegionEventActual/Expected/PriorImplications
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 | CIBMarketComm@Nedbank.co.za | +27 11 537 4091

Source: Nedbank

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By | 2021-10-07T09:10:20+02:00 October 7th, 2021|Markets and Research|0 Comments

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