Daily Market Commentary Flash Note – 29 January 2021

CurrenciesUSD regains lost ground after positive US economic data saw it end weaker in the previous session.
Commodities Oil was little changed; Precious metals steady.
EquitiesTop40 closed +0.9%, driven mainly by global news flow; The USD gave back earlier gains as risk-on sentiment kicked in and equity markets moved higher in the US.
DateRegionEventActual/Expected/PriorImplications
28/01SAPPI3.0%/3.1%/3.0%Producer price inflation unchanged at 3.0%.
28/01USGDP4.0%/4.2%/33.4%Growth slowed due to a moderation in consumer spending.
28/01USLeading index0.3%/0.3%/0.7%Leading index rose to 109.5 (+0.3%) with jobless claims being the biggest negative contributor.

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

Source: Nedbank

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By | 2021-03-23T23:27:50+02:00 January 29th, 2021|Markets and Research|0 Comments

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