CurrenciesThe rand manages to hold sub-15.0000 despite local factors.
Commodities Oil rose above $66 a barrel; Gold lost some gains.
EquitiesAll eyes will be on central banks this week as investors weigh a potential new normal of a higher-yield environment.
EconomicsUK Industrial production declined by 4.9% y/y while Industrial production in the Eurozone increased 0.1%; US PPI rose 2.8%; Preliminary University of Michigan sentiment increased to 83 points.
16/03SAConsumer confidence–/–/-12Sentiment could be dampened by recurring bouts of load shedding in 1Q21, the second wave of COVID infections, lockdown restrictions, and high levels of joblessness.
16/03USRetail Sales–/-0.5%/5.3%Expected to drop on a monthly basis as a result of adverse weather conditions however, stimulus checks distributed in January may offset the drop.

USIndustrial production–/0.4%/0.9%Adverse weather conditions will impact on industrial production.
17/03SARetail Sales–/-2.2%/-1.3%Consensus expects a 0.1% increase in retail sales on a monthly basis.

Nedbank CIB Market Commentary | | +27 11 537 4091

Source: Nedbank

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