| Currencies | Rand remains resilient to reach the week’s best levels. |
| Commodities | Oil slipped below $58 a barrel; Gold headed for its first weekly advance. |
| Equities | Top40 -0.3%; we traded lower after our open; The Stoxx Europe 600 Index increased 0.5% by the close in London; Another day of choppy trading on Wall Street left the major US stock indices nearly flat. |
| Economics | Manufacturing output posts upside surprise in December; SA mining production rose 0.1% y/y in December. |
| Date | Region | Event | Actual/Expected/Prior | Implications |
| 02/11 | SA | Mining Production | 0.1%/-5.4%/-11.6% | Increased 0.1% y/y in December, from -11.6% y/y in November, better than consensus of -5.4%. |
| 02/11 | SA | Manufacturing production | 1.8%/-1.2%/-3.5% | Rose 1.8% y/y in December from a 3.5% drop recorded in November. |
| 02/12 | UK | GDP | –/0.5%/16% | GDP rose 0.6% in October and dropped by 2.6% in November; December will be impacted by the tightening of restrictions towards the later part of the month. |
Nedbank CIB Market Commentary | CIBMarketComm@Nedbank.co.za | +27 11 537 4091
Source: Nedbank
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