| 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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