Daily Market Commentary Flash Note – 24 November 2020

CurrenciesThe rand holds steady despite rating cuts.
CommoditiesOil extended gains after closing at the highest level since August.
EquitiesVaccine optimism, a Biden victory and a market-friendly Janet Yellen have driven global stocks higher as investors continue to rotate into value plays.




Headline inflation expected to remain at 3.0%.





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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By | 2020-12-07T08:58:03+02:00 November 24th, 2020|Markets and Research|2 Comments


  1. William Molaudzi December 7, 2020 at 12:25 pm - Reply

    Good Afternoon, I am not happy how NEDBANK treat his client, since I have submitted the documents of my late estate form NEDBANK in Pretoria Branch, July 2020 on help I did not get for NEDBANK.I did make follow-up September 2020 nothing have done and again recently now on December 2020 still the same as July and September 2020.The document was also submitted to the department that is working with no answer, no contact numbers and no contact person. Can you please help me with this matter please.

    • Nedbank CIB December 9, 2020 at 9:21 am - Reply

      Hi William, thank you for contacting us. We are sorry to hear about your experience. Kindly confirm your contact details and we will escalate your query accordingly. Thank you.

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