| Currencies | The rand remains on the back foot after an overnight close above the 15,0000 level. |
| Commodities | Brent crude oil has dropped to trade back below USD78 per barrel. |
| Equities | The S&P 500 dropped the most in more than four months on Tuesday, ending the session -2% with technology stocks leading declines as rising Treasury yields spurred investors to rotate out of pricey growth stocks. |
| Economics | US consumer confidence fell to 109,3 index points in September. |
| Date | Region | Event | Actual/Expected/Prior | Implications |
| 09/28 | US | Consumer confidence | 109,3/115,0/115,2 | Consumer sentiment worsened given concerns over the delta variant and high inflation. |
| 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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