| Currencies | Foreign exchange markets hold steady. |
| Commodities | Gold slipped after advancing for four days. |
| Equities | Asian stocks were little changed amid low volumes, with China and South Korea markets closed. |
| Economics | SA Business confidence on the road to recovery; Japanese PPI remains in deflation; Chinese CPI fell into deflation; Chinese PPI rose; US CPI unchanged. |
| Date | Region | Event | Actual/Expected/Prior | Implications |
| 02/10 | SA | SACCI Business confidence | 94.5/93.0/94.3 | Improved economic activity and better financial market conditions. |
| 02/10 | US | CPI | –/1.5%/1.4% | Unchanged at 1.4% y/y in January, worse than consensus estimates for a rise to 1.5%. |
| 02/11 | SA | Mining Production | –/-5.2%/-11.6% | Stricter lockdown restrictions in export countries could hamper on production. Electricity supply constraints. |
| 02/11 | SA | Manufacturing production | –/-1.0%/-3.5% | Effects of the pandemic continue to weigh down on industries. Electricity supply constraints. |
| 02/12 | UK | GDP | –/0.5%/16% | GDP rose 0.6% in October and dropped by 2.6% in November; December will be impacted by the tightening of restrictions towards the later part of the month. |
Nedbank CIB Market Commentary | CIBMarketComm@Nedbank.co.za | +27 11 537 4091
Source: Nedbank
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