Daily Market Commentary Flash Note – 22 January 2021

CurrenciesTricky day ahead for the rand.
Commodities Oil is set for a fourth weekly gain; precious metals lower.
EquitiesAsian stocks retreat as investors mull over executive actions by President Biden to fight the virus and earnings, and await potentially more stimulus.
DateRegionEventActual/Expected/PriorImplications
21/01SARetail sales-4.0%/-2.6%/-2.3%Retail sales fell -4.0% y/y in November.
21/01SASARB Interest Rate–/3.5%/3.5%SARB kept the repo rate unchanged at 3.50%, in line with expectations.
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

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By | 2021-01-22T09:35:52+02:00 January 22nd, 2021|Markets and Research|0 Comments

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