Daily Market Commentary Flash Note – 18 March 2021

CurrenciesA dovish FOMC supports the rand.
Commodities Oil held losses for a fifth straight day; gold pushed higher.
EquitiesThe market ended lower in anticipation of the FOMC rate decision as the five-year inflation expectations gauge rose to a 12-year high.
EconomicsSA retail sales continued to contract in January; The US Fed kept interest rates unchanged.
DateRegionEventActual/Expected/PriorImplications
17/03SARetail Sales-3.5%/-2.4%/-1.2%SA retail sales continued to contract in January.
17/03USFOMC rate decision0.25%/0.25%/0.25%Rate unchanged.
17/03EZCPI0.9%/0.9%/0.9%Unchanged in February, in line with consensus.

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 | 2021-03-23T23:29:07+02:00 March 18th, 2021|Markets and Research|0 Comments

Leave A Comment