|Currencies||The rand resisted any moves beyond the 15,5000 level after the FOMC meeting, trading firmer to the current levels sub-15,3000.|
|Commodities||Brent crude oil has now fallen back below USD81,50 per barrel.|
|Equities||Fed initiates the much awaited tapering of bond purchases, but signs of lower rates for longer have driven global stocks to new all-time highs.|
|11/03||US||FOMC rate decision||0,0%/0,0%/0,0%||No changes made to policy rate, but the Fed will start bond tapering this month.|
|11/03||EZ||Unemployment||7,4%/7,4%/7,5%||Unemployment dropped to 7,4%, from 7,5% previously, in line with consensus.|
|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
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