Currencies The rand is again trading steadily firmer to currently straddle the 14,5000 level; the next short-term technical objective on the downside is towards the 14,3000 level.
CommoditiesBrent crude oil falling back towards USD84,50 per barrel; gold remains above USD1 770 per ounce.
EquitiesThe next catalyst for a move will most likely be company updates with PIK kicking things off later today as well as DGH then CLS, AMS, SOL, KIO and AGL tomorrow.
10/20SACPI YoY–/5,0%/4,9%CPI expected to grow 5% yoy due to higher food and fuel prices.
10/20UKCPI YoY–/3,2%/3,2%UK September yoy CPI expected to remain at similar levels as prior period.

Nedbank CIB Market Commentary | | +27 11 537 4091

Source: Nedbank

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