
Currencies | The rand again posted incremental gains over the course of the session to currently trade marginally below the 14,8000 level. |
Commodities | Oil prices remain above USD80 per barrel. |
Equities | US earnings season getting into the swing of things, with Bank of America Corp., Morgan Stanley and Citigroup Inc reporting today. |
Economics | In the UK, GDP growth rose to 0,4% m/m in August and industrial production grew by 0,8% m/m. In the Eurozone, industrial production contracted by -1,6% m/m; SA retail sales rose by 4,9% m/m in August; US Consumer Price Inflation increased to 5,4% yoy. |

Date | Region | Event | Actual/Expected/Prior | Implications |
10/13 | SA | Retail sales | -1,3%/2,0%/-1,2% | Retail sales contracted by 1,3%, from -1,2% yoy previously, worse than consensus estimates for a 2,2% yoy increase. |
10/13 | EZ | Industrial production | 5,1%/4,7%/8,0% | Decline in industrial production in Germany. |
10/13 | UK | Monthly GDP | 0,4%/0,5%/-0,1% | GDP growth rose to 0,4% m/m in August, after contracting by 0,1% in the previous month. |
10/13 | UK | Industrial production | 3,7%/3,3%/4,4% | Production slowed to 3,7%, from an upwardly revised 4,4% yoy previously, ahead of consensus of 3,3%. |
10/13 | US | CPI | 5,4%/5,3%/5,3% | Consumer Price Inflation increased to 5,4% yoy and 0,4% m/m in September. |
Nedbank CIB Market Commentary | CIBMarketComm@Nedbank.co.za | +27 11 537 4091
Source: Nedbank
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