| Currencies | Rand fails to consolidate its recent gains, trades back above 14.7000. |
| Commodities | Brent crude oil is back above $63; Gold steady. |
| Equities | Top40 +1.47%; resources and industrials leading the charge; European equities rose, snapping their longest losing streak since October; The S&P 500 fell for a fourth straight day on Friday; Asian shares rose. |
| Date | Region | Event | Actual/Expected/Prior | Implications |
| 19/02 | EZ | Composite PMI | 48.1/48.0/47.8 | Manufacturing rose to 57.7 while services fell to 44.7 as a result of covid-19 lockdown measures. |
| 19/02 | US | Composite PMI | 58.8/–/58.7 | Manufacturing fell to 58.5 from 59.2 due to adverse weather conditions and supply shortages. Services rose to 58.9 from 58.3 due to stronger demand levels. |
| 19/02 | UK | Composite PMI | 49.8/42.6/41.2 | Manufacturing rose to 54.9 from 54.1 previously. Services rose to 49.7 from 39.5 previously. |
| 23/02 | SA | Unemployment | –/32.0%/30.8% | Unemployment rate is expected to increase to 32%. |
| 23/02 | UK | Unemployment | –/5.1%/5.0% | Increase in job cuts and uncertainty relating to the furlough scheme. |
Nedbank CIB Market Commentary | CIBMarketComm@Nedbank.co.za | +27 11 537 4091
Source: Nedbank
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