
Currencies | Rand loses ground as risk assets lose their appeal. |
Commodities | Oil hovered near $60; Gold headed for a fourth decline. |
Equities | Global markets have paused their recent rally as investors weigh up the move higher in US yields and what it means for risk assets. |
Economics | Preliminary data showed that Eurozone GDP declined by 0.6%; Growth in Eurozone employment eased to 0.3%. |

Date | Region | Event | Actual/Expected/Prior | Implications |
16/02 | EZ | GDP | -5.0%/-5.1%/-5.1% | Economy contracted by 0.6% in Q4. |
16/02 | EZ | Employment | 0.3%/–/1% | Eased to 0.3% in Q4. |
17/02 | SA | CPI | –/3.3%/3.1% | Driven by a recovery in oil prices. |
17/02 | SA | Retail Sales | –/-2.3%/-4.0% | Reduced consumer spending over the festive season. |
Nedbank CIB Market Commentary | CIBMarketComm@Nedbank.co.za | +27 11 537 4091
Source: Nedbank
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