|Currencies||The rand remains above the 16,0000 level as global risk appetite diminishes in an already limited liquidity trading environment.|
|Commodities||Gold has fallen below $1,800 per ounce while PGM’s have recovered from Fridays declines.|
|Equities||We expect the local bourse to open higher as investors assess the President’s measured response to the new variant, keeping us|
at Level 1.
|Date||Region||Event||Actual /Expected/ Prior||Implications|
|29/11||US||Pending home sales MoM||-/ 0.8%/ -2.3%||Home sales are expected to improve from September month.|
|30/11||SA||South Africa Unemployment||-/ -/ 34.4%|
|30/11||SA||Absa Manufacturing PMI||-/ 53.3/ 53.6||Manufacturing PMI is expected to remain at October levels, as rolling blackouts weigh on factory activity.|
|30/11||SA||Trade balance rand||-/ 23bn / 22.2bn||Trade surplus of R23bn expected in October.|
Nedbank CIB Market Commentary | CIBMarketComm@Nedbank.co.za | +27 11 537 4091
If you are looking for other relevant market commentary, you might find Markets and Research relevant as well.