| Commodities | The rand succumbs to a combination of a lack of liquidity and troubling local factors to trade marginally short of the 15,5000 level. |
| Equities | Brent crude oil remaining within touching distance of USD85 per barrel; gold remains below USD1 800 per ounce. |
| Economics | Focus this week shifts to central banks as the US and UK announce their respective interest rate decisions. |
| 11/02 | SA | Absa Manufacturing PMMI | –/55,8/56,8 | PMI expected to ease marginally to 55,8 points. |
| 11/02 | SA | Naamsa vehicle sales | –/9,8%/15,8% | Vehicle sales expected to increase by 9,8% yoy, but the global chip shortage continues to weigh on vehicle production. |
| 11/03 | US | FOMC rate decision | –/0,0%/0,0% | No changes in policy rates expected, but commentary around tapering will be closely watched. |
| 11/04 | UK | BOE rate | –/0,1%/0,1% | Policy rates expected to be on hold. |
Nedbank CIB Market Commentary | CIBMarketComm@Nedbank.co.za | +27 11 537 4091
Source: Nedbank
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