| Currencies | A dovish FOMC supports the rand. |
| Commodities | Oil held losses for a fifth straight day; gold pushed higher. |
| Equities | The market ended lower in anticipation of the FOMC rate decision as the five-year inflation expectations gauge rose to a 12-year high. |
| Economics | SA retail sales continued to contract in January; The US Fed kept interest rates unchanged. |
| Date | Region | Event | Actual/Expected/Prior | Implications |
| 17/03 | SA | Retail Sales | -3.5%/-2.4%/-1.2% | SA retail sales continued to contract in January. |
| 17/03 | US | FOMC rate decision | 0.25%/0.25%/0.25% | Rate unchanged. |
| 17/03 | EZ | CPI | 0.9%/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
