
Currencies | US CPI data brings the rand’s progress to an abrupt halt. |
Commodities | Brent crude oil rose back above $69 per barrel. |
Equities | US inflation shock to the upside sees tech rerating across the globe as investors tweak their valuation models. |

Date | Region | Event | Actual/Expected/Prior | Implications |
05/12 | US | CPI | 4.2%/3.6%/2.6% | Driven by increases in vehicle prices, transport services and hotel prices, as business activity and travel increase given the roll out of vaccines. |
05/13 | UK | Industrial Production | 3.6%/2.9%/-3.5% | Main drivers of production during the month of March were production of textiles, clothing, and leather; machinery and equipment; as well as coke and refined petroleum. Key negative drivers were electrical and transport equipment. |
05/13 | US | PPI | –/5.8%/4.2% | Increases in prices driven by supply chain disruptions. |
05/13 | SA | Mining production | –/17.3%/0.8% | Mining production expected to increase by 17%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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