Daily Market Commentary Flash Note – 12 March 2021

CurrenciesUS stimulus package provides welcome support for the rand.
Commodities Oil edged lower amid mixed signals for demand.
EquitiesTop40 +0.48%. MTN leading the charge +12.25% as investors come to the realisation that the company is in good shape despite not declaring a divvy on Wednesday.
EconomicsSA manufacturing production rises 0.5% m/m.
DateRegionEventActual/Expected/PriorImplications
11/03EZECB Main refinancing rate0.0%/0.0%/0.0%Rates kept on hold in line with consensus.
11/03SAManufacturing production-3.4%/-1.1%/1.9%SA manufacturing production rises 0.5% m/m.

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

Source: Nedbank

If you are looking for other relevant market commentary, you might find Markets and Research relevant as well.

For more info, get in touch with us here

By | 2021-03-23T23:14:11+02:00 March 12th, 2021|Markets and Research|0 Comments

Leave A Comment