|Currencies||The rand fails to consolidate gains below the 14.50 level again.|
|Commodities||Benchmark crude oil prices were little changed; Gold remained above $1,750 per ounce.|
|Equities||China PPI soured the mood this morning, despite the US making new highs last night after Powell’s comments reassured investors there was no need to worry about rising inflation.|
|Economics||SA Manufacturing output disappoints in February.|
|04/08||SA||Manufacturing Production||-2.1%/-0.3%/-4.2%||Driven by contractions in petroleum and chemicals production, as well as basic iron and steel, and furniture.|
|04/09||US||PPI||–/2.7%/2.2%||March producer prices expected to increase by 2.7% on an annual basis.|
Nedbank CIB Market Commentary | CIBMarketComm@Nedbank.co.za | +27 11 537 4091
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