
Currencies |
Rand posts small gains overnight. |
Commodities |
Oil was steady near a three-week low; Gold gained in early Asia trade
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Equities |
Global markets trade cautiously ahead of US elections; expect volatility to pick up over the next few days as liquidity dries up.
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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. |
|
US |
BoC Overnight Lending Rate |
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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
DD752AF3-74AD-4263-973C-3E8A2A9C180F
Source: Nedbank
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