| Currencies | The rand fails to consolidate its early gains beyond 14.0000. |
| Commodities | Brent crude oil has dropped back below $68 per barrel; Gold is little changed. |
| Equities | Asian stocks along with US futures have slid again after a tech-led Wall Street tumble last night as surging commodity prices stoked concerns about inflation. |
| Date | Region | Event | Actual/Expected/Prior | Implications |
| 05/11 | SA | Manufacturing Production | –/0.7%/-2.1% | Production expected to increase by 0.7%y/y in March, given more relaxed COVID-19 restrictions. |
| 05/12 | US | CPI | –/3.6%/2.6% | Increased energy prices. |
| 05/13 | US | PPI | –/5.8%/4.2% | Increases in prices driven by supply chain disruptions. |
| 05/13 | SA | Mining production | –/15.8%/0.8% | Mining production expected to increase by 15.8%y/y, supported by increased industrial activity and commodity prices. |
| 05/14 | US | Retail sales | –/1.0%/9.8% | Supported by increased sales in the automotive sector as well as spending at restaurants. |
Nedbank CIB Market Commentary | CIBMarketComm@Nedbank.co.za | +27 11 537 4091
Source: Nedbank
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