|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.|
SA CPI rose to 3.3% y/y in October, from 3% in September, worse than consensus estimates of 3%.
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
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