Daily Market Commentary Flash Note – 11 October 2021

https://cib.nedbank.co.za/2021/07/daily-market-commentary-flash-note-2-august-2021/
Currencies The rand, along with its emerging-market peers, remains vulnerable as the USD remains resilient and the view remains that the Fed is ready to taper asset purchases.
CommoditiesOil price rose above USD80 per barrel; gold price was steady.
EquitiesTop40 +0,3%; European equities fell on Friday; The S&P 500 faced a US debt limit standoff; Asian stocks rose.

DateRegionEventActual/Expected/PriorImplications
10/12SAManufacturing production–/0,2%/-4,1%Manufacturing production expected to rebound in August after the riots in July, as indicated by the manufacturing PMI, which rose to 57,9 in August, from 43,5 points in July.
10/12UKUnemployment–/4,5%/4,6%Unemployment expected to drop marginally to 4,5%.
10/13SARetail Sales–/2,0%/-0,8%Retail sales expected to rebound in August, after stores were closed during July as a result of riots.
10/13EZIndustrial production–/4,7%/7,7%Industrial production impacted by supply constraints.

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

Source: Nedbank

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By | 2021-10-11T09:05:12+02:00 October 11th, 2021|Markets and Research|0 Comments

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