
Currencies | Little reaction from the rand as rates left unchanged. |
Commodities | Oil trimmed a third weekly gain; Gold dropped. |
Equities | Fears of new lockdown restrictions due to an increase in COVID-19 cases globally weigh on markets. |

Date | Region | Event | Actual/Expected/Prior | Implications |
19/11 | SA | Reserve bank policy rate | 3.5%/3.5%/3.5% | Repo rate left unchanged at 3.5% in line with consensus. |
20/11 | UK | Retail Sales | –/-0.3%/1.5% | Expected to drop -0.3% in October. |
Nedbank CIB Market Commentary | CIBMarketComm@Nedbank.co.za | +27 11 537 4091
Source: Nedbank
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