Daily Market Commentary Flash Note| Nedbank CIB

Currencies	The rand stages a modest recovery from the previous session’s highs, although it remains vulnerable as the USD stages a broad-based recovery.
Commodities	Brent crude oil is marking at USD82,25 per barrel; gold declined.
Equities	Top40 +1,4%; activity on the JSE was actually quite robust in the am session despite the US holiday.
Economics	SA mining production dropped by -3,4% yoy in September; manufacturing production eased to 1,3% yoy.

Date	Region	Event	Actual/Expected/Prior	Implications
11/10	SA	Manufacturing production	1,3%/-1,3%/1,9%	Manufacturing production eased to 1,3% yoy in September, from 1,9% yoy previously, beating consensus expectations of -1,3% yoy.
11/11	SA	Mining production	-3,6%/2,7%/0,7%	Mining production dropped by -3,4% yoy in September, down from 0,7% reported previously, worse than consensus of 2,7%.
12/11	EZ	Industrial production	–/4,1%/5,1%	Supply chain bottlenecks driving down vehicle manufacturing.