| Currencies | The rand posts steady gains towards 15.0000. |
| Commodities | Oil rose for a fifth day; Gold prices ticked up. |
| Equities | The global rotation took a breather in equities, but investors continue to speculate on EM currencies vs the USD as the rand nears R15. This should support domestic names. |
| Economics | SA CPI rises in October, driven by core goods. |
| Date | Region | Event | Actual/Expected/Prior | Implications |
25/11 | SA | CPI | 3.3%/3.0%/3.0% | SA CPI rose to 3.3% y/y in October, from 3% in September, worse than consensus estimates of 3%. |
25/11 | US | GDP | 33.1%/33.1%/33.1% | Second print shows a rebound in economic growth of 33.1%, in line with consensus. |
Nedbank CIB Market Commentary | CIBMarketComm@Nedbank.co.za | +27 11 537 4091
Source: Nedbank
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