| Currencies | The rand reverses its recent losses to trade back towards 15.0000. |
| Commodities | Oil prices rose after data showed a decline in US fuel stocks. |
| Equities | The broader US market advanced as the rotation into value stocks, financials and energy resumed despite the slightly weaker inflation report. |
| Economics | US CPI increased by 1.7% y/y in February; Chinese CPI declined 0.2% while PPI rose by 1.7% y/y in February; SA RMB/BER business confidence index declined to 35 in 1Q21. |
| Date | Region | Event | Actual/Expected/Prior | Implications |
| 10/03 | CH | PPI | 1.7%/1.5%/0.3% | Increased global commodity prices and domestic demand. |
| 10/03 | CH | CPI | -0.2%/-0.3%/-0.8% | CPI remains in deflation driven by a further decline in pork prices. |
| 10/03 | SA | Business Confidence | 35/42/40 | Sentiment deteriorated across all the sectors surveyed in the BCI. |
| 11/03 | EZ | ECB 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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