|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.|
BER consumer confidence
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
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