|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.|
|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
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