CurrenciesRisk-on start to the day.
Commodities Oil held near $52; Gold inched higher after hitting a 1-1/2-month low.
EquitiesLuxury goods stocks boost European markets, while financial stocks outperform in Asia.
20/01UKCPI–/0.5%/0.3%Acceleration expected in December at the back of higher fuel prices.
21/01SARetail sales–/1.0%/-0.2%Consumer spending still limited due to the pandemic, limiting retail spend.
21/01SASARB Interest Rate–/3.5%/3.5%Expected to remain unchanged.
22/01UKRetail Sales–/4.0%/2.4%Rebound expected in December as non-essential sales reopened.
22/01UK/EZPMIDrop expected due to stricter containment measures.

Nedbank CIB Market Commentary | | +27 11 537 4091

Source: Nedbank

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