Currencies The rand posted steady losses over the course of yesterday’s session to drift above 14,3000.
CommoditiesCommodity prices are mixed this morning.
EquitiesWe expect a softer open on the local bourse, with NPNPRX and miners on the back foot.

09/14USACPI YoY5,3%/5,3%/5,4%US inflation remains at elevated levels in line with market consensus.
09/14 SAMining production m/m4,1%/-/-1,6%Mining production rebounded strongly in July, up 4,1% from a contraction of 1,6% in June Ytd mining production (volume) is up 18,6%.
09/15SAJuly 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.
09/16USAInitial jobless claims-/320k/310kLow jobless claims signal that the delta variant has not prompted a wave of mass layoffs.

Nedbank CIB Market Commentary | | +27 11 537 4091

Source: Nedbank

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