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.
CommoditiesBrent crude oil is dipping below USD84,50 per barrel; gold is moving towards USD1 790 per ounce.
EquitiesUS 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.
10/22JNCPI0,2%/0,2%/-0,4%Consumer price inflation accelerated to 0,2% yoy in September after contracting by 0,4% yoy previously.
10/22SARetail sales–/-0,4%/0,0%Retail sales expected to contract by -0,4% yoy in September.
10/28UKPPI–/7,2%/7,2%PPI expected to rise by 7,2% yoy and 0,4% m/m in September.

Nedbank CIB Market Commentary | | +27 11 537 4091

Source: Nedbank

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