| Currencies | The rand traded resiliently over the course of last week; it is currently trading at 14,6700 this morning, marginally weaker than the close last week. |
| Commodities | Oil +0.9% has continued to move higher as a potential 500k barrels a day of additional demand is adding fuel to the “supply chain issue” fire. |
| Equities | Asian markets turned negative after fresh inflation worries and a slowing Chinese economy saw some profit-taking after a relatively strong performance from equity markets last week. |
| Date | Region | Event | Actual/Expected/Prior | Implications |
| 10/18 | USA | Sep Industrial production MoM | /0.2% /0.4% | Industrial production is expected to be lower at 0.2% due to supply-constrained factories. |
| 10/18 | CH | China Industrial production YTD YoY | 11.8%/12.2%/13.1% | China Industrial production YTD YoY of 11.8% is behind prior year and market consensus of 12.2%. |
| 10/18 | CH | China GDP QoQ | consensus of 12.2% 0.2%/0.4%/1.3% | China’s economy weakened in the third quarter, weighed by multiple headwinds from a property slump to an energy crisis. |
Nedbank CIB Market Commentary | CIBMarketComm@Nedbank.co.za | +27 11 537 4091
Source: Nedbank
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