|Currencies||The rand holds steady over the most recent sessions at around the 14,6500 level.|
|Commodities||Brent crude oil remains comfortably above R1,200 per barrel. Gold has moved back above $1,770 per ounce.|
|Equities||Top40 -0,4%; European stocks retreated after their best weekly gain since March; The S&P rose for a fourth session; Asian equities advanced.|
|10/18||USA||Sep Industrial production MoM||-1.3% /0.2% /0.4%||Industrial production fell 1.3% far weaker than consensus estimates mainly due to hurricane Ida which is estimated to have subtracted 0.6% from total industrial production.|
|10/20||SA||CPI YoY||/5.0%/4.9%||CPI is expected to grow 5% YoY for the September period. Signalling a likely interest rate hike in November.|
|10/20||UK||CPI YoY||/3.2%/3.2%||United Kingdom September YoY CPI expected to remain at similar levels as prior period.|
Nedbank CIB Market Commentary | CIBMarketComm@Nedbank.co.za | +27 11 537 4091
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