| Currencies | Risk appetite diminishes as safe-haven demand leaves rand on the back foot to end the week. |
| Commodities | Oil held losses near $52; Precious metals higher. |
| Equities | Top40 -0.14%; it was a more muted end to the week as stimulus optimism fizzled out as the USD strengthened. |
| Date | Region | Event | Actual/Expected/Prior | Implications |
| 22/01 | UK | Retail sales | 2.9%/4.0%/2.4% | Retail sales grew by 2.9% y/y weaker than consensus for 4.0%. |
| 22/01 | UK | Services PMI | 38.8/45.0/49.4 | Fell to 38.8, below consensus of 45.0 due to lower business and consumer spending. |
| 26/01 | UK | Unemployment rate | –/5.2%/4.9% | Rise in the unemployment rate expected due to further lockdown restrictions. |
| 26/01 | US | Consumer confidence | –/89.0/88.6 | Fiscal stimulus package would likely promote consumer confidence. |
| 27/01 | US | FOMC interest-rate policy | –/0.25%/0.25% | No change expected. |
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
