Currencies Although the rand has remained on the back foot, moves beyond the 14,80 short-term technical break have not been sustained.
CommoditiesBrent crude oil remains above USD86 per barrel; gold moved above USD1 800 per ounce.
EquitiesIt will be interesting to see whether there is an uptick in volumes given how poor they have been lately; that said, it is hard to see the catalyst that would spark that change today.
10/26SALeading indicator–/–/122,0The leading indicator has previously, during the month of July, contracted by 2,5%, with nine of ten subcomponents posting contractions.
10/26USConsumer Confidence–/108,5/109,3High inflation weighing on consumer confidence.
10/28SAPPI–/7,3%/7,2%Inflation expected to tick up slightly to 7,3% in September; in August, inflation was driven by higher fuel prices and supply chain-related issues – these remain key issues.
10/28EZMain refinancing rate–/0,0%/0,0%Rates expected to remain unchanged.
10/29SATrade balance–/R35,3bn/R42,4bnTrade surplus expected to narrow in September.

Nedbank CIB Market Commentary | | +27 11 537 4091

Source: Nedbank

If you are looking for other relevant market commentary, you might find Markets and Research relevant as well.