|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.|
PPI came in at 8,6% yoy, in line with consensus, driven by higher goods costs.
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
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