Currencies The rand remains on the back foot after an overnight close above the 15,0000 level.
CommoditiesBrent crude oil has dropped to trade back below USD78 per barrel.
EquitiesThe 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.
EconomicsUS consumer confidence fell to 109,3 index points in September.

09/28USConsumer confidence109,3/115,0/115,2Consumer sentiment worsened given concerns over the delta variant and high inflation.
09/30SAPPI–/7,2%/7,1%Producer prices expected to rise by 7,2% yoy and 0,9% m/m in August.
10/01EZCPI–/3,5%/3,0%Higher electricity and gas prices.
10/01USPCE deflator–/3,5%/3,6%Expected to increase by 3,5% yoy and 0,3% m/m in August.

Nedbank CIB Market Commentary | | +27 11 537 4091

Source: Nedbank

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