| 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. |
| Date | Region | Event | Actual/Expected/Prior | Implications |
| 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
Source: Nedbank
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