|Currencies||The rand continues on its improving trajectory despite buoyant US jobs data.|
|Commodities||Brent crude oil is trading north of USD83,50 per barrel; gold is nearing USD1 820 per ounce.|
|Equities||Locally, focus will be coalition discussions after the municipal elections, the MTBPS on Thursday and earnings for a number of companies, starting with RDF and SRE today.|
Inflationary pressures remain elevated due to supply chain-related constraints and wage growth.
Higher energy prices coupled with supply chain- related constraints.
Growth in manufacturing production is expected to ease to 1,2% m/m in September and contract by -1,3% yoy, as indicated by the manufacturing PMI.
|12/11||EZ||Industrial production||–/4,1%/5,1%||Supply chain bottlenecks driving down vehicle manufacturing.|
Nedbank CIB Market Commentary | CIBMarketComm@Nedbank.co.za | +27 11 537 4091
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