Daily Market Commentary Flash Note – 26 January 2021

CurrenciesRand opens the week on the backfoot as risk appetite fades.
Commodities Oil edged lower toward $52 a barrel.
EquitiesGlobal markets have retreated after yesterday’s buying frenzy, as a likely delay in US stimulus and vaccine worries weigh on markets.
DateRegionEventActual/Expected/PriorImplications
26/01UKUnemployment rate–/5.2%/4.9%Rise in the unemployment rate expected due to further lockdown restrictions.
26/01USConsumer confidence–/89.0/88.6Fiscal stimulus package would likely promote consumer confidence.
27/01USFOMC interest-rate policy–/0.25%/0.25%No change expected.

Nedbank CIB Market Commentary | CIBMarketComm@Nedbank.co.za | +27 11 537 4091

Source: Nedbank

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By | 2021-01-26T09:41:46+02:00 January 26th, 2021|Markets and Research|0 Comments

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