| 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.
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| 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 |
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|
|
|
SA |
CPI |
|
Headline inflation is expected to slow to 3% at the back of weaker demand pressures. |
|
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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.
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|
|
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.
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Nedbank CIB Market Commentary | CIBMarketComm@Nedbank.co.za | +27 11 537 4091
6CC3ADE4-1468-4255-9D07-A5D6B794F391
Source: Nedbank
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