
Currencies | Rand holds steady as COVID-19-related measures continue to weigh on the economy. |
Equities | Corporate deals lift markets, offsetting the negative sentiment due to extended lockdowns in Europe. |

Date | Region | Event | Actual/Expected/Prior | Implications |
15/01 | UK | Manufacturing production | –/-4.8%/-7.1% | Output weak, driven by lockdown restrictions and pandemic. |
15/01 | US | Retail 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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