| Currencies | The rand lost some ground yesterday; however, it remains in positive territory, having opened the month at 14,5000. |
| Commodities | Benchmark crude oil prices are little changed; gold has retreated below USD1 800 per ounce. |
| Equities | Top40 closed +0,51% on the day; European equities fell Tuesday; The S&P 500 closed in the red after the Labor Day weekend; Asian stocks retreated. |
| Economics | GDP in the Eurozone grew by 2,2% q/q in 2Q21, while SA real GDP growth rose to 1,2% q/q. |
| Date | Region | Event | Actual/Expected/Prior | Implications |
| 09/07 | SA | GDP | 19,3%/17,8%/-2,6% | GDP up 19,3% y/y in 2Q21, from -2,6% in 1Q. |
| 09/09 | EZ | ECB Main Refinancing Rate | –/0,0%/0,0% | No policy rate change expected, but announcements regarding asset purchases made under the PEPP will be closely watched. |
| 09/10 | UK | Monthly GDP | –/0,5%/1,0% | Higher infection rates weighing on consumption and labour supply. |
| 09/10 | US | PPI | –/0,6%/1,0% | Inflation driven by disruptions in the supply chain. |
Nedbank CIB Market Commentary | CIBMarketComm@Nedbank.co.za | +27 11 537 4091
Source: Nedbank
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