Daily Market Commentary Flash Note| Nedbank CIB

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.