Daily Market Commentary Flash Note – 3 February 2021

CurrenciesRand making gains sub the 15.0000 level.
Commodities Oil extended gains from the highest level in more than a year.
EquitiesUS tech stocks lead markets higher as Alphabet and Amazon reported better-than-estimated revenue numbers.
DateRegionEventActual/Expected/PriorImplications
02/02EZGDP-5.1%/-5.3%/-4.3%Economy contracted due to covid-19 restrictions imposed ahead of the festive holiday season.
04/02UKBOE Bank Rate–/0.1%/0.1%No change expected.
05/02USUnemployment–/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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By | 2021-02-03T09:07:54+02:00 February 3rd, 2021|Markets and Research|0 Comments

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