| Currencies | Globally softer USD provides boost for majors and EM currencies. |
| Commodities | Brent oil climbed above $65 a barrel; Copper climbed above $9,000 a tonne. |
| Equities | Inflationary fears are driving commodity prices higher given the weaker outlook for the USD; this bodes well for SA’s trade terms. |
| Date | Region | Event | Actual/Expected/Prior | Implications |
| 22/02 | US | Leading Index | 0.5%/0.4%/0.4% | The leading index rose by 0.5% in January to 110.3. |
| 23/02 | US | Consumer Confidence | –/90.0/89.3 | Preliminary consumer confidence released by the University of Michigan signalled that consumer confidence dropped in February. |
| 23/02 | SA | Unemployment | –/31.5%/30.8% | Unemployment rate is expected to increase. |
| 23/02 | UK | Unemployment | –/5.1%/5.0% | Increase in job cuts and uncertainty emanating from deadline extensions of the furlough scheme by government. |
Nedbank CIB Market Commentary | CIBMarketComm@Nedbank.co.za | +27 11 537 4091
Source: Nedbank
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