CommoditiesThe rand succumbs to a combination of a lack of liquidity and troubling local factors to trade marginally short of the 15,5000 level.
EquitiesBrent 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.
11/02SAAbsa Manufacturing PMMI–/55,8/56,8PMI expected to ease marginally to 55,8 points.
11/02SANaamsa 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.
11/03USFOMC rate decision–/0,0%/0,0%No changes in policy rates expected, but commentary around tapering will be closely watched.
11/04UKBOE rate –/0,1%/0,1%Policy rates expected to be on hold.

Nedbank CIB Market Commentary | | +27 11 537 4091

Source: Nedbank

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