| Currencies | Market’s focus now firmly on the outcome of the FOMC. |
| Commodities | Oil dropped for a fourth day. |
| Equities | Global markets are mixed as investors await some clarity from the FOMC meeting tonight; divergent views on US inflation seem to be keeping markets on their toes. |
| Economics | SA CCI improves in 1Q21; US retail sales and industrial production declines due to adverse weather conditions. |
| Date | Region | Event | Actual/Expected/Prior | Implications |
| 16/03 | SA | Consumer confidence | -9/-10/-12 | Driven by an increase in the economic outlook and household finances sub-indices. |
| 16/03 | US | Retail Sales | -0.3%/-0.5%/7.6% | Due to adverse weather conditions experienced across the U.S. as well as winter storms affecting power grids in Texas and Great Plains. |
16/03 | US | Industrial production | -2.2%/0.3%/1.1% | Adverse weather conditions will impact on industrial production. |
| 17/03 | SA | Retail Sales | –/-2.2%/-1.3% | Consensus expects a 0.1% increase in retail sales on a monthly basis. |
Nedbank CIB Market Commentary | CIBMarketComm@Nedbank.co.za | +27 11 537 4091
Source: Nedbank
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