|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.|
|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
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