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| 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.
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Nedbank CIB
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