Daily Market Commentary Flash Note – 16 February 2021

CurrenciesThe rand trades firmer to breach the 14.5000 level.
Commodities Brent oil edged higher in Asia after closing at the highest in almost 13 months.
EquitiesTop40 +1.59%; global stocks rallied on vaccine rollout optimism, with volumes light given the US holiday; European equities advanced to the highest level in almost a year; Asian stocks climbed to a new record.
DateRegionEventActual/Expected/PriorImplications
17/02SACPI YoY (Jan)–/3.3%/3.1%CPI expected to come in higher than the prior year as the economy opens and demand for goods increase.
17/02SARetail sales YoY–/-2.3%/-4.0%
17/02USAIndustrial Production MoM-/0,4%/1,6%

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

By | 2021-02-16T10:04:14+02:00 February 16th, 2021|Markets and Research|0 Comments

Leave A Comment