| Currencies | The rand loses ground as US data points to higher interest rates. |
| Commodities | Brent crude oil falling back below USD82 per barrel; gold fell overnight. |
| Equities | US retail sales set the tone overnight, sending US stocks and the USD higher, but fresh Fed comments saying that early lift-off was still an option seem to have muted early moves in risk assets in Asia. |
| Date | Region | Event | Actual/Expected/Prior | Implications |
| 11/17 | SA | CPI | –/5,0%/5,0% | Annual inflation expected to remain unchanged at 5% in October; high fuel prices remain key driver of inflation. |
| 11/17 | SA | Retail sales | –/-0,1%/-1,3% | Retail sales 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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