| Currencies | First batch of vaccines scheduled to reach SA today. |
| Commodities | Oil steadied after the first back-to-back weekly decline since October. |
| Equities | Asian stocks are trading higher as concerns over retail trading frenzies and signs of an easing cash crunch in China outweighed the weaker PMI data. |
| Economics | Bumper trade surplus as imports slump. |
| Date | Region | Event | Actual/Expected/Prior | Implications |
| 29/01 | SA | Trade balance | 32.0b/30.0b/35.3b | A decline in imports by 11.8% in 2020 (or R150bn), offset by an increase in exports of 7.5% (or R97bn). |
| 02/02 | EZ | GDP | –/-5.3%/-4.3% | Contraction in growth expected in the fourth quarter at the back of covid-19 restrictions. |
| 04/02 | UK | BOE Bank Rate | –/0.1%/0.1% | No change expected. |
| 05/02 | US | Unemployment | –/6.7%/6.7% | Unemployment forecast at 6.7%. |
Nedbank CIB Market Commentary | CIBMarketComm@Nedbank.co.za | +27 11 537 4091
Source: Nedbank
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