| Currencies | Rand closes the day firmer as USD retreats ahead of FOMC. |
| Commodities | Oil prices higher after industry data; Gold edged lower. |
| Equities | Top40 -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. |
| Date | Region | Event | Actual/Expected/Prior | Implications |
| 26/01 | UK | Unemployment rate | 5.0%/5.1%/4.9% | Unemployment increased to 5%, lower than consensus for 5.1%. |
| 26/01 | US | Consumer confidence | 89.3/89.0/88.6 | Consumer confidence was promoted by the fiscal stimulus package. |
| 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
