
Currencies | Although the rand has remained on the back foot, moves beyond the 14,80 short-term technical break have not been sustained. |
Commodities | Brent crude oil remains above USD86 per barrel; gold moved above USD1 800 per ounce. |
Equities | It will be interesting to see whether there is an uptick in volumes given how poor they have been lately; that said, it is hard to see the catalyst that would spark that change today. |

Date | Region | Event | Actual/Expected/Prior | Implications |
10/26 | SA | Leading indicator | –/–/122,0 | The leading indicator has previously, during the month of July, contracted by 2,5%, with nine of ten subcomponents posting contractions. |
10/26 | US | Consumer Confidence | –/108,5/109,3 | High inflation weighing on consumer confidence. |
10/28 | SA | PPI | –/7,3%/7,2% | Inflation expected to tick up slightly to 7,3% in September; in August, inflation was driven by higher fuel prices and supply chain-related issues – these remain key issues. |
10/28 | EZ | Main refinancing rate | –/0,0%/0,0% | Rates expected to remain unchanged. |
10/29 | SA | Trade balance | –/R35,3bn/R42,4bn | Trade surplus expected to narrow in September. |
Nedbank CIB Market Commentary | CIBMarketComm@Nedbank.co.za | +27 11 537 4091
Source: Nedbank
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