CurrenciesRand posts steady gains over the last week.
Commodities

Oil extended its slide to a second day; Gold eased to an over one-week low.

EquitiesBusy week for global earnings… Facebook, Apple, BP, GE, Caterpillar; locally: FBR, ANH, AFT, SSW, IAP, GLN, IMP, MTN and MNK…miners’ quarterly sales updates.

 

DateRegionEventActual/Expected/PriorImplications

28/10

SACPI

–/3%/3.1%

Headline inflation is expected to slow to 3% at the back of weaker demand pressures.

28/10

USBoC Overnight Lending Rate

–/0.25%/0.25%

Expected to remain unchanged at the back of increasing covid-19 infections and uncertainty regarding government’s funding needs for 2021.

29/10

EZECM Main Refinancing Rate

–/0.0%/0.0%

To remain unchanged as covid-19 infections continue to increase.

30/10

EZGDP

–/9.8%/-11.8%

Strong rebound in Q3 as strict covid-19 containment measures were lifted. 

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

6CC3ADE4-1468-4255-9D07-A5D6B794F391

Source: Nedbank

If you are looking for other relevant market commentary, you might find Markets and Research relevant as well.

For more info, get in touch with us here