Currencies The rand again posted incremental gains over the course of the session to currently trade marginally below the 14,8000 level.
CommoditiesOil prices remain above USD80 per barrel.
EquitiesUS earnings season getting into the swing of things, with Bank of America Corp., Morgan Stanley and Citigroup Inc reporting today.
EconomicsIn 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.
10/13SARetail 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.
10/13EZIndustrial production5,1%/4,7%/8,0%Decline in industrial production in Germany.
10/13UKMonthly GDP0,4%/0,5%/-0,1%GDP growth rose to 0,4% m/m in August, after contracting by 0,1% in the previous month.
10/13UKIndustrial production3,7%/3,3%/4,4%Production slowed to 3,7%, from an upwardly revised 4,4% yoy previously, ahead of consensus of 3,3%.
10/13USCPI5,4%/5,3%/5,3%Consumer Price Inflation increased to 5,4% yoy and 0,4% m/m in September.

Nedbank CIB Market Commentary | | +27 11 537 4091

Source: Nedbank

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