Daily Market Commentary Flash Note – 10 March 2021

CurrenciesRand holds steady.
Commodities Oil swung between gains and losses near $64 a barrel; gold steady.
EquitiesJALSH +0.3%. Our market managed to gain slightly, albeit driven in part by NP.
EconomicsSA real GDP growth finalised at -7% for 2020.
DateRegionEventActual/Expected/PriorImplications
09/03SAGDP-4.1/-4.6%/-6.0%SA real GDP growth finalised at -7% for 2020.
10/03CHCPI–/-0.3%/-0.3%CPI remains in deflation driven by a further decline in pork prices.
11/03EZECB Main refinancing rate–/0.0%/0.0%Rates expected to be on hold.

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

Source: Nedbank

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By | 2021-03-23T23:02:45+02:00 March 10th, 2021|Markets and Research|0 Comments

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