|Currencies||The rand loses ground as it fails to extend its recent gains or consolidate beyond the 14,5000 level; this morning, it is firmly on the back foot.|
|Commodities||Brent crude oil is dipping below USD84,50 per barrel; gold is moving towards USD1 790 per ounce.|
|Equities||US markets closed at an all-time high but the mood soured after the close when Snap reported a tempered outlook but also highlighted that companies were not advertising products that they were not able to sell, given the ongoing supply-chain bottlenecks.|
|10/22||JN||CPI||0,2%/0,2%/-0,4%||Consumer price inflation accelerated to 0,2% yoy in September after contracting by 0,4% yoy previously.|
|10/22||SA||Retail sales||–/-0,4%/0,0%||Retail sales expected to contract by -0,4% yoy in September.|
|10/28||UK||PPI||–/7,2%/7,2%||PPI expected to rise by 7,2% yoy and 0,4% m/m in September.|
Nedbank CIB Market Commentary | CIBMarketComm@Nedbank.co.za | +27 11 537 4091
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