Daily Market Commentary Flash Note – 25 February 2021

CurrenciesRand trades firmer after local budget meeting, with the dollar trading softer across most markets.
Commodities WTI crude +0.1% to $63.30; Gold down.
EquitiesGlobal 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.
DateRegionEventActual/Expected/PriorImplications
02/24USNew home sales923k/856k/842kDriven by lower mortgage rates; the increase in mortgage rates may weigh on new home sales.
02/25PPIConsumer 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

Source: Nedbank

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By | 2021-03-23T23:26:53+02:00 February 25th, 2021|Markets and Research|0 Comments

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