|Currencies||The rand trades rapidly weaker as local factors weigh on the currency.|
|Commodities||The decline in ZAR has seen Brent crude oil remain above R1,300 per barrel.|
|Equities||The new covid variant arising in Southern Africa has rocked global markets overnight, and the risk-off sentiment has been made worse by the UK putting South Africa onto the red list.|
|25/11||SA||PPI YoY||8.1%/ 8%/ 7.8%||Producer price inflation rose more than expected in October.|
Nedbank CIB Market Commentary | CIBMarketComm@Nedbank.co.za | +27 11 537 4091
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