|Currencies||Rand posts steady gains over the last week.|
Oil extended its slide to a second day; Gold eased to an over one-week low.
|Equities||Busy week for global earnings… Facebook, Apple, BP, GE, Caterpillar; locally: FBR, ANH, AFT, SSW, IAP, GLN, IMP, MTN and MNK…miners’ quarterly sales updates.|
|SA||CPI||Headline inflation is expected to slow to 3% at the back of weaker demand pressures.|
|US||BoC Overnight Lending Rate|
Expected to remain unchanged at the back of increasing covid-19 infections and uncertainty regarding government’s funding needs for 2021.
|EZ||ECM Main Refinancing Rate||To remain unchanged as covid-19 infections continue to increase.|
Strong rebound in Q3 as strict covid-19 containment measures were lifted.
Nedbank CIB Market Commentary | CIBMarketComm@Nedbank.co.za | +27 11 537 4091
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