CurrenciesFocus today will be firmly on the SARB MPC; markets are likely to be cautious and erratic ahead of this event.
CommoditiesBrent crude oil prices fell below USD80 per barrel.
EquitiesTop40 +0,1%; European stocks were little changed; The S&P slipped as quarterly earnings reports from retailers including Target contributed to investor concern over rising inflation; Asian stocks fell for a second day.
EconomicsSA retail rose by 2,1% yoy, from -1,5% previously, while CPI remained unchanged at 5,0% yoy, in line with consensus.
11/17SARetail sales 2,1%/0,7%/-1,5%Retail rose by 2,1% yoy, from -1,5% previously.
11/17SACPI5,0%/5,0%/5,0%CPI unchanged at 5,0% yoy, in line with consensus.
11/18SASARB MPC–/3,5%/3,5%The market will observe closely whether SARB will tighten monetary policy.

Nedbank CIB Market Commentary | | +27 11 537 4091

Source: Nedbank

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