
Currencies | Rand falters as Covid-19 infections increase. |
Commodities | Oil advanced toward $47 a barrel before the rollout of the first Covid-19 vaccine in the U.S.. |
Equities | Global markets are mostly higher as vaccine rollouts and an extension in Brexit negotiations keep risk-on sentiment into the year end. |

Date | Region | Event | Actual/Expected/Prior | Implications |
14/12 | SA | BER consumer confidence | –/–/-23 | Confidence us expected to recover marginally in Q4. |
15/12 | CH | Various | — | Retail sales, industrial production and investment would have likely risen in November. |
15/12 | US | Industrial production | –/0.3%/1.1% | Production growth could slow after post-lockdown surge. |
16/12 | US | Retail Sales | –/-0.3%/0.3% | Spending eases during second wave of pandemic. |
16/12 | US | FOMC rate decision | –/0.25%/0.25% | Fed expected to announce more stimulus measures to support the economy during the pandemic. |
17/12 | UK | BOE rate decision | –/0.10%/0.10% | BOE expected to leave rates unchanged. |
Nedbank CIB Market Commentary | CIBMarketComm@Nedbank.co.za | +27 11 537 4091
Source: Nedbank
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