Daily Market Commentary Flash Note – 13 January 2021

CurrenciesThe rand recovers from its recent highs.
CommoditiesOil held near the highest level in 10 months; Gold stable.
EquitiesGlobal markets trade mixed as investors await details of US President-elect Joe Biden’s stimulus package later this week.
EconomicsSA manufacturing output disappoints in November.
DateRegionEventActual/Expected/PriorImplications
12/01SAManufacturing production-3.5%/-2.2%/-3.4%Manufacturing production contracted by 3.5% y/y.
13/01USCPI–/1.3%/1.2%Inflation will remain subdued due to lack of demand pull inflation, core remains low.
15/01UKManufacturing production–/-4.8%/-7.1%Output weak, driven by lockdown restrictions and pandemic.
15/01USRetail sales–/0%/-1.1%Consumer spending limited by the pandemic and low confidence.

Nedbank CIB Market Commentary | CIBMarketComm@Nedbank.co.za | +27 11 537 4091

Source: Nedbank

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By | 2021-01-13T08:52:49+02:00 January 13th, 2021|Markets and Research|0 Comments

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