| Currencies | Tricky day ahead for the rand. |
| Commodities | Oil is set for a fourth weekly gain; precious metals lower. |
| Equities | Asian stocks retreat as investors mull over executive actions by President Biden to fight the virus and earnings, and await potentially more stimulus. |
| Date | Region | Event | Actual/Expected/Prior | Implications |
| 21/01 | SA | Retail sales | -4.0%/-2.6%/-2.3% | Retail sales fell -4.0% y/y in November. |
| 21/01 | SA | SARB Interest Rate | –/3.5%/3.5% | SARB kept the repo rate unchanged at 3.50%, in line with expectations. |
| 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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