CurrenciesThe rand stages a modest recovery from the previous session’s highs, although it remains vulnerable as the USD stages a broad-based recovery.
CommoditiesBrent crude oil is marking at USD82,25 per barrel; gold declined.
EquitiesTop40 +1,4%; activity on the JSE was actually quite robust in the am session despite the US holiday.
EconomicsSA mining production dropped by -3,4% yoy in September; manufacturing production eased to 1,3% yoy.
11/10SAManufacturing production1,3%/-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.
11/11SAMining 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%.
12/11EZIndustrial production–/4,1%/5,1%Supply chain bottlenecks driving down vehicle manufacturing.

Nedbank CIB Market Commentary | | +27 11 537 4091

Source: Nedbank

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