| Currencies | SA down to level 1 of lockdown. |
| Commodities | Oil futures rose towards $63 a barrel; Gold steady. |
| Equities | USTs trade back to 1.4%, bringing some calm to global markets after last week’s volatility. |
| Economics | SA’s Monthly Budget Balance – Large deficit in January but revenue seems to be doing well. |
| Date | Region | Event | Actual/Expected/Prior | Implications |
| 03/01 | Global | PMI | — | Expansion expected as indicated by flash PMI data. |
| 03/01 | SA | NAAMSA Vehicle Sales | –/-12.5%/-13.9% | Vehicle sales are expected to improve on a monthly basis, however still remain below pre-COVID levels. |
| 03/02 | EZ | CPI | –/1.1%/1.4% | Headline inflation expected to remain unchanged at 0.9%. |
Nedbank CIB Market Commentary | CIBMarketComm@Nedbank.co.za | +27 11 537 4091
Source: Nedbank
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