| Currencies | Ratings agency downgrades halt the rand’s progress. |
| Commodities | Oil held gains near the highest level since early September; Gold steady. |
| Equities | In the spotlight today, NRP and TBS closing levels to determine Top40 inclusion or exclusion. |
| Date | Region | Event | Actual/Expected/Prior | Implications |
23/11 | EZ | Composite PMI | –/–/50.0 | Monetary union’s economy contracted in November at the back of stricter COVID-19 containment measures. |
23/11 | UK | Composite PMI | –/40.0/52.1 | Survey is expected to drop to 40.0, impacted by the partial lockdown which was imposed in England. |
25/11 | SA | CPI | –/3.0%/3.0% | Headline inflation expected to remain at 3.0%. |
25/11 | US | GDP | –/33.1%/33.1% | Second print to show a rebound in economic activity. |
Nedbank CIB Market Commentary | CIBMarketComm@Nedbank.co.za | +27 11 537 4091
Source: Nedbank
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