| Currencies | The rand again held steady around the 14,2000 level; market focus today will be on the US data. |
| Commodities | Gold remains below USD1 800 per ounce, while PGMs are still languishing. |
| Equities | Stocks and Treasuries were steady this morning; oil continues to move higher ahead of US inflation data that could give greater clarity on the Federal Reserve’s likely timeline for paring stimulus. |
| Date | Region | Event | Actual/Expected/Prior | Implications |
| 09/14 | USA | CPI YoY | -/5,3%/5,4% | Expecting a continuation of elevated inflation pressure in the US. |
| 09/15 | SA | July retail sales constant yoy | -/3,3%/10,4% | Lower July retail sales growth impacted by the civil unrest and looting of stores in KZN and Gauteng. |
| 09/16 | USA | Initial jobless claims | -/320k/310k | Low jobless claims signal that the delta variant has not prompted a wave of mass layoffs. |
Nedbank CIB Market Commentary | CIBMarketComm@Nedbank.co.za | +27 11 537 4091
Source: Nedbank
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