Daily Market Commentary Flash Note – 27 January 2021

CurrenciesRand closes the day firmer as USD retreats ahead of FOMC.
Commodities Oil prices higher after industry data; Gold edged lower.
EquitiesTop40 -1.16%; concerns regarding a delay in US stimulus weighed on market sentiment as President Biden said he was open to negotiating his USD1.9tn COVID-19 relief package.
DateRegionEventActual/Expected/PriorImplications
26/01UKUnemployment rate5.0%/5.1%/4.9%Unemployment increased to 5%, lower than consensus for 5.1%.
26/01USConsumer confidence89.3/89.0/88.6Consumer confidence was promoted by the fiscal stimulus package.
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 | 2021-01-27T10:03:27+02:00 January 27th, 2021|Markets and Research|0 Comments

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