
Currencies | Rand posts steady gains over the last week. |
Commodities | 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. |
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Date | Region | Event | Actual/Expected/Prior | Implications |
| | | | |
| 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. |
| EZ | GDP | | 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
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