| 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. |
| 11/16 | US | Retail sales | –/1,3%/0,7% | 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
Source: Nedbank
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