| Currencies | The rand posted steady losses over the course of yesterday’s session to drift above 14,3000. |
| Commodities | Commodity prices are mixed this morning. |
| Equities | We expect a softer open on the local bourse, with NPNPRX and miners on the back foot. |
| Date | Region | Event | Actual/Expected/Prior | Implications |
| 09/14 | USA | CPI YoY | 5,3%/5,3%/5,4% | US inflation remains at elevated levels in line with market consensus. |
| 09/14 | SA | Mining production m/m | 4,1%/-/-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%. |
| 09/15 | 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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