Daily Market Commentary Flash Note – 17 December 2020

Please note that our last publication for the year will be released on 17 December 2020. We will resume again on 04 January 2021. We would like to wish you well over the festive season.

CurrenciesGreenback trades weaker against majors as risk appetite boosted.
CommoditiesOil extended gains from the highest settlement in almost 10 months after American crude stockpiles declined more than expected.
EquitiesLocal markets have a little catch-up to play, with global markets rallying on Wednesday.
 
DateRegionEventActual/Expected/PriorImplications
16/12US

Retail sales


-0.3%/-0.3%/-0.1%

Spending eases during second wave of pandemic.
16/12USFOMC rate decision0.25%/0.25%/0.25%Fed keeps bond purchases at $120bn a month and promises to keep rates low for longer until pandemic has passed.
17/12UKBOE rate decision–/0.10%/0.10%BOE expected to leave rates unchanged.
18/12JNBOJ 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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By | 2021-03-23T23:15:57+02:00 December 17th, 2020|Markets and Research|0 Comments

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