| Currencies | The rand resisted a move beyond the 16,0000 level again, albeit in a limited liquidity environment. |
| Commodities | Oil is steady as traders await the response of OPEC+ to a coordinated release of strategic reserves by consuming nations. |
| Equities | Local bourse, along with the rest of the emerging markets, will be digesting the FOMC minutes, which were largely hawkish. |
| Date | Region | Event | Actual/Expected/Prior | Implications |
| 24/11 | US | Initial jobless claims | 199k/ 260k/ 268k | Jobless claims were lower than expectations continuing a declining trend since the economy opened more broadly. |
| 24/11 | US | Q3 GDP annualized | 2.1%/ 2.2%/ 2.0% | US economic growth was 2.1% reflecting somewhat stronger personal spending than the prior period. |
| 24/11 | US | New home sales | 745k/ 800k/ 800k | New home sales came in lower than market expectations. |
| 24/11 | SA | PPI YoY | -/ 8%/ 7.8% | Inflation expectations continue to remain elevated. |
Nedbank CIB Market Commentary | CIBMarketComm@Nedbank.co.za | +27 11 537 4091
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