| 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. |
| Date | Region | Event | Actual/Expected/Prior | Implications |
| 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
Source: Nedbank
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