|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.|
|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%|
|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
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