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Morning Summary
� EM currencies were mixed yesterday; the TWD (+0.7%), RUB (+0.6%) and MYR (+0.4%) were the biggest gainers, the COP (-1.0%), BRL (-0.7%) and PEN (-0.6%) were the biggest losers.
� Asian equity markets the Nikkei, Hang Seng and Shanghai Composite are up.
� Brent crude oil is up this morning, and down by 3.0% year-to-date. Brent crude oil is currently at $83.35/bbl; ($83.10/bbl*).
� The gold price is down this morning, and up by 12.0% year-to-date. Gold is at $2042/oz ($2045/oz*).
� SA CDS 232bps*, Brazil 140bps* and Turkey 332bps*.
� Yields: US 10yr at 4.25%*, German bund at 2.43%* and SA 10-year generic at 11.20%*, SA�s R2030 at 9.90%*.
From SA:
� The rand is weaker this morning, at R18.72/$, after closing weaker yesterday (R18.66/$*).
� Locally, PPI for October is expected to come in at 5.8% y/y, from 5.1% y/y in September.
� The monthly Budget balance data for October is scheduled for release today.
� The October trade surplus is likely to have compressed to R8.1bn, from R13.1bn in September.
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Last price |
% Change |
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AllShare |
75241.41 |
-0.46 |
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ZAR |
18.7508 |
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S&P |
4550.58 |
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Tencent |
317 |
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Key events and data:
� 09h00: Turkey GDP (Q3:23)
� 11h30: UK Decision Maker Panel 1 yr CPI expectations (November)
� 11h30: SA PPI (October)
� 12h00: Eurozone CPI (November), unemployment rate (October)
� 14h00: SA trade balance (October), monthly budget balance (October)
� 15h30: US initial jobless claims (25 November), personal income and spending (October) |