| Currencies | Local unit closes the week weaker ahead of the U.S holiday. |
| Commodities | Oil extended declines; Precious metals mostly fell. |
| Equities | Global markets trade lower, weighed down by the prospect of tighter lockdowns, political uncertainty and a resurgence of coronavirus cases in China. |
| Date | Region | Event | Actual/Expected/Prior | Implications |
| 20/01 | UK | CPI | –/0.5%/0.3% | Acceleration expected in December at the back of higher fuel prices. |
| 21/01 | SA | Retail sales | –/1.0%/-0.2% | Consumer spending still limited due to the pandemic, limiting retail spend. |
| 21/01 | SA | SARB Interest Rate | –/3.5%/3.5% | Expected to remain unchanged. |
| 22/01 | UK | Retail Sales | –/4.0%/2.4% | Rebound expected in December as non-essential sales reopened. |
| 22/01 | UK/EZ | PMI | — | Drop expected due to stricter containment measures. |
Nedbank CIB Market Commentary | CIBMarketComm@Nedbank.co.za | +27 11 537 4091
Source: Nedbank
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