Daily Market Commentary Flash Note – 26 February 2021

CurrenciesStrong USD sees rand surrender all gains, as we breach back above the 15.0000 mark.
Commodities Oil headed for the fourth monthly gain; Gold headed for a second monthly decline.
EquitiesUST yields spike, which sees pandemic equity winners tumble overnight, as investors reduce risk into the weekend.
EconomicsSA PPI increased by 3.5% y/y in January; Eurozone economic confidence improved to 93.4 in February.
DateRegionEventActual/Expected/PriorImplications
02/25EZEconomic confidence93.4/92.1/91.5Sentiment across all subsectors improved except retail confidence.
02/25SAPPI3.5%/3.2%/3%SA PPI increased by 3.5% y/y in January.

Nedbank CIB Market Commentary | CIBMarketComm@Nedbank.co.za | +27 11 537 4091

Source: Nedbank

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By | 2021-03-23T23:24:55+02:00 February 26th, 2021|Markets and Research|0 Comments

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