Rand holds steady around the 16.50 level.
|Oil was steady near $41; Gold steady.|
|Equities||A revived chance of a US stimulus deal before the November election does see risk assets bid this morning; Chinese GDP missed estimates but the underlying recovery is still intact.|
|UK||CPI||CPI to accelerate to 0.6% in September at the back of government stimulus packages.|
|US||Jobless claims to come in at 865k, down from 898k in the prior week.|
|UK||Retail Sales||Consumers remain cautious at the back of fears for a second wave of covid-19 infections and prospects for higher unemployment.|
Nedbank CIB Market Commentary | CIBMarketComm@Nedbank.co.za | +27 11 537 4091
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