Currencies

Market focus now shifting to SARB MPC.
Commodities Oil rose for a fourth day; Base metals broadly inch higher.
Equities
Global markets paused the big rotation out of lockdown winners into value as coronavirus fears resurfaced.

 

Date Region Event Actual/Expected/Prior Implications

12/11
US CPI

–/1.3%/1.4%

Expected to increase by 1.3% y/y at the back of lower gasoline retail prices.

12/11
UK GDP

–/15.7%/-19.8%
Economy is expected to grow by 15.7% in Q3.

12/11
EZ Industrial production

–/0.7%/0.7%

Industrial production expected to increase by 0.7% driven by a rebound in Germany.

12/11
SA Unemployment

–/31%/23.3%
Unemployment expected to rise to 31% in Q3.

13/11
US PPI

–/0.2%/0.4%

Deceleration expected in October due to depressed service prices.

 

Nedbank CIB Market Commentary | CIBMarketComm@Nedbank.co.za | +27 11 537 4091

170355E5-0C4D-412A-A7C7-6A37228157C2

Source: Nedbank

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