|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.|
|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
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