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.
CommoditiesBenchmark crude oil prices are higher; Gold has moved back above $1,735 per ounce.
EquitiesTop40 +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.
11/08USCPI–/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.
12/08USPPI–/0.6%/1.0%Driven by higher commodity prices.
12/08UKIndustrial Production–/-0.1%/-1.0%Shortage in semiconductors weighing on car manufacturing.

Nedbank CIB Market Commentary | | +27 11 537 4091

Source: Nedbank

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