|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.|
|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
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