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| Currencies | Greenback trades weaker against majors as risk appetite boosted. |
| Commodities | Oil extended gains from the highest settlement in almost 10 months after American crude stockpiles declined more than expected. |
| Equities | Local markets have a little catch-up to play, with global markets rallying on Wednesday. |
| Date | Region | Event | Actual/Expected/Prior | Implications |
| 16/12 | US | Retail sales | -0.3%/-0.3%/-0.1% | Spending eases during second wave of pandemic. |
| 16/12 | US | FOMC rate decision | 0.25%/0.25%/0.25% | Fed keeps bond purchases at $120bn a month and promises to keep rates low for longer until pandemic has passed. |
| 17/12 | UK | BOE rate decision | –/0.10%/0.10% | BOE expected to leave rates unchanged. |
| 18/12 | JN | BOJ Policy rate | –/-0.10%/-0.10% | Market awaits a new bond issuance plan. |
Nedbank CIB Market Commentary | CIBMarketComm@Nedbank.co.za | +27 11 537 4091
Source: Nedbank
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