Friday 01 October 2021 iDaily Market Wrap | South Africa Moves to lockdown Level 1

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South Africa
The JSE all share index closing the day at 64 282 from its opening price of 64 364.

The Rand is still under pressure but slightly recovered against the US Dollar yesterday, moving from R15.19to R15.07

President Cyril Ramaphosa has moved the country to adjusted alert level 1 allowing the curfew to be adjusted and increasing the capacity of indoor and outdoor gatherings. This will allow more economic activity to take place in the country.

Commodities
Commodities where mixed with some of our listed commodities seeing recoveries and closing Thursday higher than their opening prices.

Gold gained by 1.8% moving from 1 726.37 USD/oz to 1 756.95 USD/oz.

Platinum slightly recovered, closing at 967.43 USD/oz from its opening price of 954.33 USD/oz.

Copper slipped by -2.5% closing Thursday with 9 174.00 USD/t from its opening price of 8 944.50 USD/t

Oil prices are still on the low with Brent Crude trading below the 80.00 USD mark. Brent Crude moved from 78.64 USD to closing at 78.52 USD.

Things to watch today
Australia AIG Manufacturing Index, Japan Jobs/applications ratio, Japan Tankan Large Non-Manufacturers Index, Australia Home Loans MoM, Germany Manufacturing Purchasing Managers Index (PMI), U.K. Manufacturing Purchasing Managers Index (PMI), Eurozone Consumer Price Index (CPI) YoY, South Africa Manufacturing Purchasing Managers Index (PMI), South Africa Total Vehicle Sales, Canada Gross Domestic Product (GDP) MoM, U.S. ISM Manufacturing Purchasing Managers Index (PMI)

Disclaimer
All prices captured are taking from the previous business day. The material is provided for a general information purpose and do not constitute an independent investment research. Nothing in this market wrap contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance.



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