
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. |

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