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Needle Still Points South

US TSYS

Yields Bounce as Equities Make New Monthly Highs

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Heading North

EURJPY TECHS

Bull Rally Accelerates

COLOMBIA

Economists Survey Raises 2021 CPI Forecast To 4.9%

SOUTH AFRICA

LOCAL NEWS

  • SA halts AstraZeneca vaccine rollout as new study shows low efficacy against the SA variant (22%) potentially hurting SA's rollout timeline as ~60-70% of SA's vaccines were due to come from AstraZeneca.
    • Plan shifts towards receiving more J&J vaccines which has seen more success so far (85%).
    • Health Dept says it is still awaiting info from its scientists on how to proceed
  • State of the Nation Address (SONA) pegged for Thursday.
    • Analysts hoping for more concrete details on vaccine rollout, reform agenda (economic reconstruction & recovery plan), objectives/frameworks for SOEs and less pie in the sky dreams about smart cities etc.
    • Most see the Feb budget as being a better indicator of economic performance going forward
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com