|Currencies||Rand trades firmer after local budget meeting, with the dollar trading softer across most markets.|
|Commodities||WTI crude +0.1% to $63.30; Gold down.|
|Equities||Global markets recovered from a sell-off as Powell calmed markets on short-term inflation worries and successful data from the J&J vaccine spurred on sentiment.|
|02/24||US||New home sales||923k/856k/842k||Driven by lower mortgage rates; the increase in mortgage rates may weigh on new home sales.|
|02/25||PPI||Consumer comfort||–/3.2%/3.0%||PPI expected to increase by 0.4% m/m in January.|
Nedbank CIB Market Commentary | CIBMarketComm@Nedbank.co.za | +27 11 537 4091
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