Currencies
The rand on the back foot as risk aversion dominates.
Commodities
Oil headed for a modest weekly; Gold is steady in early Asian trade.
Equities A big reversal in SA Inc. following Ramaphosa’s speech and banks bounced 3.2% odd from the day’s lows.

 

Date Region Event Actual/Expected/Prior Implications

16/10
EZ CPI

–/-0.3%/-0.3%
Lower price inflation for non-energy industrial goods, linked to delayed summer sales causing distortions in clothing prices and lower services inflation.

Nedbank CIB Market Commentary | CIBMarketComm@Nedbank.co.za | +27 11 537 4091

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Source: Nedbank

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