| 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. |
| Date | Region | Event | Actual/Expected/Prior | Implications |
| 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
Source: Nedbank
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