| Currencies |
| Rand holds steady around the 16.5000 level. |
|
|
| Commodities |
Oil dropped for a second; Gold held the biggest advance since mid-August. |
| Equities |
|
Investors will monitor the yuan’s movements on Monday, after the PBoC announced a rule change that made it cheaper to short the yuan.
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| Date |
Region |
Event |
Actual/Expected/Prior |
Implications |
|
|
|
|
|
|
|
|
Manufacturing Production |
–/-7.8%/-10.6% |
|
Expected to drop by 7.8% on a yearly basis.
|
|
|
|
|
Unemployment |
|
|
Unemployment is expected to increase to 4.3%.
|
|
|
|
EZ |
Industrial Production |
–/0.7%/4.1% |
|
Regional readings point to a slowdown in industrial production in August.
|
|
|
|
|
Retail Sales |
|
|
Expected to decline by 7% YoY in August.
|
|
|
|
US |
|
–/0.2%/0.3% |
Producer prices continue to increase in September at the back of stronger price movements in food and construction materials, offset by low energy prices. |
|
|
|
|
–/-0.3%/-0.3% |
Lower price inflation for non-energy industrial goods, linked to delayed summer sales causing distortions in clothing prices and lower services inflation. |
Nedbank CIB Market Commentary | CIBMarketComm@Nedbank.co.za | +27 11 537 4091
02D475FA-9E53-45AF-9886-1D7E93FBF913
Source: Nedbank
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