CurrenciesSA down to level 1 of lockdown.
Commodities Oil futures rose towards $63 a barrel; Gold steady.
EquitiesUSTs trade back to 1.4%, bringing some calm to global markets after last week’s volatility.
EconomicsSA’s Monthly Budget Balance – Large deficit in January but revenue seems to be doing well.
03/01GlobalPMIExpansion expected as indicated by flash PMI data.
03/01SANAAMSA Vehicle Sales–/-12.5%/-13.9%Vehicle sales are expected to improve on a monthly basis, however still remain below pre-COVID levels.
03/02EZCPI–/1.1%/1.4%Headline inflation expected to remain unchanged at 0.9%.

Nedbank CIB Market Commentary | | +27 11 537 4091

Source: Nedbank

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