Daily Market Commentary Flash Note – 08 October 2021

https://cib.nedbank.co.za/2021/07/daily-market-commentary-flash-note-2-august-2021/
Currencies The rand managed to post modest gains yesterday, but it again failed to consolidate these and this morning, it currently trades largely unchanged from yesterday.
CommoditiesBrent crude oil is nearing USD83 per barrel.
EquitiesTop40 +2,1%; European stocks had their biggest gain in more than two months; US stocks climbed on Thursday as optimism grew that Congress would extend the US debt ceiling; Asian stocks rose for a second day as China’s market reopened higher to trade +1%.

DateRegionEventActual/Expected/PriorImplications
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 | 2021-10-08T08:43:35+02:00 October 8th, 2021|Markets and Research|0 Comments

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