Daily Market Commentary Flash Note – 15 January 2021

CurrenciesRand posts gains as us stimulus talk provides comfort.
Commodities Oil gained; Gold prices were lower.
EquitiesThe JSE and European markets close higher, lifted by tech stocks and hopes of a large US stimulus package.
DateRegionEventActual/Expected/PriorImplications
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 | 2021-03-23T23:12:40+02:00 January 15th, 2021|Markets and Research|0 Comments

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