CurrenciesThe USD posted gains again as the markets contemplate another Powell term at the Fed and a possible lift-off of rate hikes.
CommoditiesBrent crude oil has dropped back below $79.50 per barrel; Gold fell sharply overnight, testing $1,800 per ounce.
EquitiesAsian tech names have followed their US counterparts lower after an aggressive sell-off in the Nasdaq over the last hour of trade in the US; Earlier lift-off expectations have investors questioning sky-high valuations and the crypto universe as a whole.
11/23EZManufacturing PMI–/57,3/58,3Manufacturing PMI is expected to ease in November, given higher energy prices, supply chain issues, and rising COVID-19 infections.
11/24USPCE Deflator –/5,1%/4,4%The PCE deflator is expected to accelerate by 5,1% yoy after accelerating by 4,4% previously.
11/25SAPPI –/8,0%/7,8%Driven by higher fuel prices and supply chain bottlenecks.

Nedbank CIB Market Commentary | | +27 11 537 4091

Source: Nedbank

If you are looking for other relevant market commentary, you might find Markets and Research relevant as well.