
Currencies |
The rand consolidates around the 15.5000 level.
|
|
Commodities |
Oil extended gains toward $42 a barrel; Gold advanced for a second day.
|
|
Equities |
Lockdown winners were sold off again as the rotation into SA Inc. continued.
|
|
Economics |
Manufacturing output set to emerge from multi-quarter contraction. |

Date |
Region |
Event |
Actual/Expected/Prior |
Implications |
|
|
|
|
|
|
SA |
|
|
Manufacturing output contracted by 2.6% y/y in September, better than consensus of -7.7%.
|
|
|
US |
CPI |
|
Expected to increase by 1.3% y/y at the back of lower gasoline retail prices.
|
|
|
UK |
GDP |
|
Economy is expected to grow by 15.7% in Q3. |
|
EZ |
Industrial production |
|
Industrial production expected to increase by 0.7% driven by a rebound in Germany.
|
|
|
SA |
Unemployment |
|
Unemployment expected to rise to 31% in Q3. |
|
US |
PPI |
|
Deceleration expected in October due to depressed service prices.
|
|
Nedbank CIB Market Commentary | CIBMarketComm@Nedbank.co.za | +27 11 537 4091
8010C048-E36A-452A-ADFB-1FF12E0EC18A
Source: Nedbank
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