|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.|
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.|
Nedbank CIB Market Commentary | CIBMarketComm@Nedbank.co.za | +27 11 537 4091
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