| Currencies | The rand again posted gains despite challenging local factors; technically, further gains towards the 14,7000 level are possible. |
| Commodities | Brent crude oil is marking a touch above USD83,25 per barrel; gold is lower. |
| Equities | Top40 +0,15% on a fairly lacklustre trading day as investors await the MTBPS and inflation data from across the globe. |
| Date | Region | Event | Actual/Expected/Prior | Implications |
| 11/09 | US | PPI | –/8,6%/8,6% | Inflationary pressures remain elevated due to supply chain-related constraints and wage growth. |
| 11/10 | US | CPI | –/5,9%/5,4% | Higher energy prices coupled with supply chain- related constraints. |
| 11/11 | SA | Manufacturing production | –/-1,3%/1,8% | 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
Source: Nedbank
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