Daily Market Commentary Flash Note – 14 December 2020

CurrenciesRand falters as Covid-19 infections increase.
CommoditiesOil advanced toward $47 a barrel before the rollout of the first Covid-19 vaccine in the U.S..
EquitiesGlobal markets are mostly higher as vaccine rollouts and an extension in Brexit negotiations keep risk-on sentiment into the year end.
 
DateRegionEventActual/Expected/PriorImplications
14/12SA

BER consumer confidence


–/–/-23

Confidence us expected to recover marginally in Q4.
15/12CHVariousRetail sales, industrial production and investment would have likely risen in November.
15/12USIndustrial production–/0.3%/1.1%Production growth could slow after post-lockdown surge.
16/12USRetail Sales–/-0.3%/0.3%Spending eases during second wave of pandemic.
16/12USFOMC rate decision–/0.25%/0.25%Fed expected to announce more stimulus measures to support the economy during the pandemic.
17/12UKBOE 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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By | 2020-12-14T11:12:49+02:00 December 14th, 2020|Markets and Research|0 Comments

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