|Currencies||The rand again fails to consolidate gains despite decent inflows of USD; this morning, it is currently trading at 15,0750.|
|Commodities||Brent crude oil is marking a touch above USD82,50 per barrel; gold remains above USD1 750 per ounce.|
|Equities||It will be interesting to see if the buying in small- to mid-cap names has any follow-through today, which would be rather encouraging for market breadth.|
|Economics||In the Eurozone, the PPI increased to 13,4% yoy in August, and the services PMI slowed to 56,4 points in September; in the UK, the services PMI rose to 55,4 points; the US services PMI slowed to 54,9 points from 55,1 points previously.|
|10/05||EZ||Services PMI||56,5/56,3/56,3||PMI slowed to 56,4 points in September.|
|10/05||EZ||PPI||13,4%/13,5%/12,4%||PPI increased to 13,4% yoy in August, from a revised 12,4% yoy increase previously.|
|10/05||UK||Services PMI||55,4/54,6/54,6||The services PMI rose to 55,4 points.|
|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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