| Currencies | The rand is trading on the back foot, along with its emerging market peers, as the USD surges following the most recent US economic data prints. |
| Commodities | Benchmark crude oil prices are higher; Gold has moved back above $1,735 per ounce. |
| Equities | Top40 +0.6%; European equities advanced to a fresh historical high; The S&P 500 closed in the red; Asian equities held on to mild gains. |
| Date | Region | Event | Actual/Expected/Prior | Implications |
| 11/08 | US | CPI | –/5.3%/5.4% | Annual inflation will be driven by higher housing costs; Monthly, inflation is expected to be driven by higher apparel and gas prices. |
| 12/08 | US | PPI | –/0.6%/1.0% | Driven by higher commodity prices. |
| 12/08 | UK | Industrial Production | –/-0.1%/-1.0% | Shortage in semiconductors weighing on car manufacturing. |
Nedbank CIB Market Commentary | CIBMarketComm@Nedbank.co.za | +27 11 537 4091
Source: Nedbank
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