|Currencies||The rand traded in positive territory, holding below the 15,3000 level.|
|Commodities||Brent crude oil moved back above USD82,50 per barrel.|
|Equities||Top40 +0,2%; European stocks pulled ahead to a fresh record; The S&P 500 Index finished a see-saw trading session; Asian stocks rose for the fourth day, led by gains in Hong Kong.|
Retail sales are expected to increase by 1,3%; retail sales will likely be impacted by weaker consumer sentiment given higher fuel prices.
|11/17||SA||CPI||–/5,0%/5,0%||Annual inflation is expected to remain unchanged at 5% in October; high fuel prices remain the key driver of inflation.|
|11/17||SA||Retail sales||–/-0,1%/-1,3%||Retail sales are expected to contract by -0,1% yoy in September, after contracting by -1,3% yoy previously.|
|11/18||SA||SARB MPC||–/3,5%/3,5%||The market will observe closely whether SARB will tighten monetary policy.|
Nedbank CIB Market Commentary | CIBMarketComm@Nedbank.co.za | +27 11 537 4091
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