|Currencies||The rand again failed to consolidate any gains, currently trading above the 14,8000 short-term technical pivot.|
|Commodities||Spot gold down 0,2% to USD1 790 an ounce; Brent crude prices declined by 0,5% to USD86 per barrel.|
|Equities||Top40 +0,96% as US markets continue to trade at record highs with Europe hot on their heels.|
|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
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