| Currencies | The rand has continued trading towards the recent lows, although the momentum to the downside has stalled around the 15,0000 level, as the markets await the outcome of the MTBPS. |
| Commodities | Brent crude oil is rising back above USD85 per barrel. |
| Equities | Most Asian stocks slipped Wednesday as the latest China data highlighted the inflationary pressures building up in the global economy. |
| 11/09 | US | PPI | 8,6%/8,6%/8,6% | PPI came in at 8,6% yoy, in line with consensus, driven by higher goods costs. |
| 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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