
Currencies | The rand yesterday again lost ground to trade above 15,0000 but has recovered marginally this morning. |
Commodities | Brent crude oil breaking above USD80 per barrel; PGMs mixed. |
Equities | Asian tech is one of very few sectors benefiting from the sell-off in US tech on rising UST yields; Oil is through USD80, and the USD has given back some of yesterday’s gains. |

Date | Region | Event | Actual/Expected/Prior | Implications |
09/28 | US | Consumer confidence | –/115,0/113,8 | Consumer sentiment is expected to improve given higher household net worth; however, the pandemic remains a key risk. |
09/30 | SA | PPI | –/7,2%/7,1% | Producer prices expected to rise by 7,2% yoy and 0,9% m/m in August. |
10/01 | EZ | CPI | –/3,5%/3,0% | Higher electricity and gas prices. |
10/01 | US | PCE deflator | –/3,5%/3,6% | Expected to increase by 3,5% yoy and 0,3% m/m in August. |
Nedbank CIB Market Commentary | CIBMarketComm@Nedbank.co.za | +27 11 537 4091
Source: Nedbank
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