Sign in
Research link-chevron Created with Sketch.
link-chevron Created with Sketch. Products and Services link-chevron Created with Sketch.
link-chevron Created with Sketch. Products and Services
Economics link-chevron Created with Sketch.
Equities link-chevron Created with Sketch.
Analysts
Analysts
Help and Support
Help and Support
In the loop 10 January 2022

In the loop

Shireen Darmalingam

What you should know this morning:

  • The rand is unchanged this morning, at R15.58/$, after closing stronger on Friday (R15.58/$*).
  • EM currencies were mixed on Friday; the CLP (+1.0%), ZAR (+1.0%) and HUF (+1.0%) were amongst the biggest gainers; the THB (-0.5%), COP (-0.5%) and PHP (-0.4%) were amongst the biggest losers.
  • Asian equity markets are mixed this morning; the Nikkei is down, while the Hang Seng and Shanghai Composite are up.
  • Covid-19 global update: cases have surpassed 307.89 million, while the death toll has breached 5.5 million; recoveries are at 259.58 million.
  • US cases, hospitalizations and fatalities accelerated last week. 
  • The US has 61.26 million cases, accounting for 19% of global cases; the US death toll is 859,356. 
  • India has 35.70 million cases and 483,936 deaths; Brazil has 22.52 million cases and 620,031 deaths.
  • Australia has reported 100,000 new Covid cases in a single day for the first time. 
  • London’s public health chief has said that the Omicron variant “may have passed its peak” there.
  • Hungary expects more than 13,000 daily infections and about 200 daily deaths during its the current wave.
  • Greece has set 1 February as the deadline for booster jabs; those who have not received their booster jabs will be barred from most indoor venues.
  • Globally, more than 9.45 billion doses have been administered across 184 countries at a rate of 37.4 million doses a day.
  • US CPI for December is expected to have increased to 7% y/y, the biggest advance in almost 40 years, from 6.8% y/y in November. 
  • This could see more Fed officials signal appetite for rates lift-off as soon as the March FOMC meeting.
  • Consumer prices are seen rising 0.4% m/m for December, from 0.8% m/m in November.
  • US retail sales, industrial output and the University of Michigan sentiment index are due out on Friday.
  • In the Eurozone, industrial production may show that output is slowing, reflecting the impact of global supply chain disruptions.
  • UK monthly GDP data for November is due on Friday.
  • Africa’s Covid-19 cases are at 10.2 million; fatalities are at 231,999.
  • Morocco has 1.0 million reported cases, Nigeria 248,312, Ghana 150,874, Kenya 311,538.
  • SA, Morocco, Tunisia, Ethiopia and Libya are among the countries with the highest number of cases on the continent.
  • Less than 10% of Africa's population has been fully vaccinated.
  • Many countries initially struggled to access sufficient shots, and later faced vaccine hesitancy.
  • SA has the 18th highest caseload, at 3.526 million; 4,482 new cases were reported yesterday.
  • Active cases are at 146,649; KwaZulu-Natal leads the way, with 60,339 active cases, followed by the Western Cape with 25,439.
  • Covid-19 deaths rose by 82 yesterday, to 92,453; 3.286 million people (or 93.2%) have recovered from the virus.
  • 21.553 million tests have been conducted since 5 March 2020; the positivity rate is at 17.6%.
  • SA’s drop in new infections in recent days may signal that the country's Omicron-driven surge has passed its peak, according to medical experts.
  • ICU admissions are significantly lower than those registered during the Delta wave.
  • President Ramaphosa has called for SA to step up vaccinations.
  • Nearly 40% of the adult SA population has been fully vaccinated, higher than in many African countries but still short of the SA government’s target. 
  • 28.329 million vaccines have been administered in SA to date; 4,056 vaccines were administered yesterday.
  • Naamsa will release December vehicle sales data today; sales are expected to have increased by 4.5% y/y, from 6.6% y/y in November.
  • The November manufacturing data is expected to have contracted, by 2.1% y/y, following a decline of 8.9% y/y in October.
  • Electricity production and consumption for November is also due out this week. 
  • Brent crude oil is up this morning, and up by 5.4% year-to-date.
  • The gold price is down this morning, and down by 2% year-to-date.
  • Brent crude oil is currently at $81.94/bbl; ($81.75/bbl*).
  • Gold is at $1793/oz ($1796/oz*).
  • SA CDS 194bps*, Brazil 214bps* and Turkey 573bps*.
  • Yields: US 10yr at 1.76%*, German bund at -0.043%* and SA 10-year generic at 9.81%*, SA’s R186 at 7.87%*.

* Denotes Friday’s close.

Key events and data: 

  • 11h30: Eurozone Sentix Investor confidence (January)
  • 12h00: Eurozone unemployment rate (November)
  • SA Naamsa vehicle sales (December)

Read PDF