Daily Market Commentary Flash Note – 13 October 2021

https://cib.nedbank.co.za/2021/07/daily-market-commentary-flash-note-2-august-2021/
Currencies The rand continues to trade around the 15,0000 level, with marginal recoveries sub-15,0000 thus far being short-lived.
CommoditiesOil prices are lower; gold rose to USD1 763 an ounce.
EquitiesAsian stocks fluctuated between gains and losses as investors awaited key inflation data out of the US and Hong Kong closed its equity market because of typhoon Kompasu.
EconomicsSA mining production contracted by 2,4% m/m in August while manufacturing production increased by 7,6% m/m.

DateRegionEventActual/Expected/PriorImplications
10/12SAManufacturing production1,8%/0,2%/-4,8%Production increased by 1,8%, up from a -4,8% contraction previously.
10/12UKUnemployment4,5%/4,5%/4,6%The US added 194k jobs.
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 | 2021-10-13T08:11:40+02:00 October 13th, 2021|Markets and Research|0 Comments

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