| Currencies |
| Rand holds steady in an uncertain global environment. |
|
|
| Commodities |
|
Oil prices fell in early trade as a spike in the number of Covid-19 infections raised fears.
|
|
| Equities |
|
Global markets under pressure as concerns that a second wave of infections would impact an economic rebound.
|
|
| Economics |
|
Unemployment stats reflect worrying trends; Mining production upbeat in Q3.
|
|
| Date |
Region |
Event |
Actual/Expected/Prior |
Implications |
| 12/11 |
SA |
Mining Production |
|
|
Mining production contracted by 2.8% y/y in September, from -3.8% in August, worse than consensus of -2.5%.
|
|
|
|
SA |
Unemployment |
|
|
Unemployment increased to 30.8%.
|
|
|
|
US |
PPI |
|
|
Deceleration expected in October due to depressed service prices.
|
|
Nedbank CIB Market Commentary | CIBMarketComm@Nedbank.co.za | +27 11 537 4091
86A63DF2-74C6-4FBE-BA37-0A8E4BD83218
Source: Nedbank
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