|Currencies||The rand started the local session trading at 14,5825.|
|Commodities||Benchmark crude oil prices have declined; gold has dropped below USD1 750 per ounce.|
|Equities||Top40 -0,9%; European shares retreated on Friday; The S&P 500 closed at the lowest level in nearly a month; Asian stocks dropped.|
|Economics||CPI in the Eurozone accelerated to 3,0% yoy in August, from 2,2% yoy in July.|
|09/22||SA||CPI||–/4,9%/4,6%||Higher food and fuel prices.|
|09/22||US||FOMC rate decision||–/0,25%/0,25%||Rates expected to remain|
unchanged at the upper bound of 0,25%.
|09/23||UK||BOE rate decision||–/0,1%/0,1%||No change expected in policy rate.|
|09/23||SA||SARB interest rate decision||–/3,5%/3,5%||No change expected given low growth in 3Q.|
Nedbank CIB Market Commentary | CIBMarketComm@Nedbank.co.za | +27 11 537 4091
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