| Currencies | USD weakness dominates. |
| Commodities | Oil extended gains in Asia; Gold gained as the dollar eased. |
| Equities | Yellen pushes for more US stimulus; Alibaba +6%, reacting to Jack Ma resurfacing after weeks away from the public eye; all focus will remain on the flood of US earnings and central bank activity in the latter half of this week. |
| 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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