|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.|
|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
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