Daily Market Commentary Flash Note – 5 February 2021

CurrenciesFocus today on US data.
Commodities Oil rose for a fifth day; Gold held near a nine-week low.
EquitiesGlobal markets extend their rally as earnings and US economic data surprise to the upside, which sees risk-on sentiment into the weekend.
DateRegionEventActual/Expected/PriorImplications
04/02EZRetail Sales0.6%/1.2%/-2.2%Up 0.6% lower than consensus for 1.2%.
04/02UKBOE Bank Rate0.1%/0.1%/0.1%Unchanged in line with consensus.
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 | 2021-03-23T23:02:13+02:00 February 5th, 2021|Markets and Research|0 Comments

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