Daily Market Commentary Flash Note – 18 February 2021

CurrenciesThe rand remains on the back foot although recovering from its worst levels.
Commodities Brent oil rose to $65 a barrel; Gold steady.
EquitiesTop40 -0.2%; European stocks fell after rallying earlier this week; The S&P 500 slipped less than 0.1% after giving up an early gain.
EconomicsSA CPI surprises to the downside in Jan.
DateRegionEventActual/Expected/PriorImplications
17/02SACPI3.2%/3.3%/3.1%Higher food prices and service costs.
17/02SARetail Sales-1.3%/-2.3%/-4.3%Consumer confidence remains weak.
17/02USPPI1.7%/0.9%/0.8%Higher energy prices.
17/02USRetail Sales5.3%/1.1%/-0.7%As a result of restrictions being lifted on business activity.

Nedbank CIB Market Commentary | CIBMarketComm@Nedbank.co.za | +27 11 537 4091

Source: Nedbank

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By | 2021-03-23T23:23:58+02:00 February 18th, 2021|Markets and Research|0 Comments

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