Daily Market Commentary Flash Note – 18 February 2021
The rand remains on the back foot although recovering from its worst levels.
The rand remains on the back foot although recovering from its worst levels.
Global markets have paused their recent rally as investors weigh up the move higher in US yields and what it means for risk assets.
CPI expected to come in higher than the prior year as the economy opens and demand for goods increase.
Commodities will take centre stage this week as strong earnings are expected from the mega-miners. EM risk-on sentiment should continue to see our domestic names outperform.
Manufacturing output posts upside surprise in December; SA mining production rose 0.1% y/y in December.
Asian stocks were little changed amid low volumes, with China and South Korea markets closed. Gold slipped after advancing for four days.