|Currencies||The rand is kicking off the month with a marginally improved bias, managing a sub-15,0000 close to the week; this morning, it remains in positive territory although off its best levels.|
|Commodities||Brent crude oil remains above USD79 per barrel; gold has dipped back below USD1 760 per ounce.|
|Equities||We expect a rather dull start to the week – all eyes on the US labour market later this week.|
|Economics||Global manufacturing PMI data.|
|10/01||ALL||Manufacturing PMI||—||Globally, we saw manufacturing PMIs ease during September.|
|10/05||EZ||PPI||–/13,5%/12,1%||Producer prices are expected to accelerate by 1,3% m/m and 13,5% yoy.|
|10/06||EZ||Retail sales||–/0,4%/3.1%||Retail sales expected to grow by 0,9% m/m (0,4% yoy), after contracting|
by -2,3% m/m previously.
|10/08||US||Unemployment rate||–/5.1%/5.2%||Unemployment expected to ease, driven by more people entering the job market after the pandemic unemployment benefit payments ended.|
Nedbank CIB Market Commentary | CIBMarketComm@Nedbank.co.za | +27 11 537 4091
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