|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.|
|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
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