| Currencies | The rand opened the week positively around the 14,9000 level but fails to consolidate as appetite for risk diminishes; it is currently around the 15,0700 level. |
| Commodities | Brent crude oil remains north of USD81,50 per barrel. |
| Equities | Asian stocks slipped, led by Japan and Korea, as surging commodity prices fuelled concerns about global inflation. |
| Date | Region | Event | Actual/Expected/Prior | Implications |
| 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 end. |
Nedbank CIB Market Commentary | CIBMarketComm@Nedbank.co.za | +27 11 537 4091
Source: Nedbank
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