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.
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 | | +27 11 537 4091

Source: Nedbank

If you are looking for other relevant market commentary, you might find Markets and Research relevant as well.

For more info, get in touch with us here