Daily Market Commentary Flash Note – 21 January 2021

CurrenciesSARB and ECB the focus for today.
Commodities Oil fell below $53; Gold held gains after surging on Wednesday.
EquitiesJoe Biden’s inauguration went smoothly, without any violent riots, helping the S&P post its best first-day reaction to a president since 1937.
DateRegionEventActual/Expected/PriorImplications
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 | CIBMarketComm@Nedbank.co.za | +27 11 537 4091

Source: Nedbank

If you are looking for other relevant market commentary, you might find Markets and Research relevant as well.

For more info, get in touch with us here

By | 2021-01-21T09:15:01+02:00 January 21st, 2021|Markets and Research|0 Comments

Leave A Comment