Daily Market Commentary Flash Note – 25 March 2021

CurrenciesAll eyes on the SARB MPC today.
Commodities Benchmark crude oil prices rose yesterday and overnight.
EquitiesJALSH -0.1%; The market traded with a weaker bias across the session, but losses on the day were muted.
EconomicsSA CPI surprises to the downside in Feb due to sharply lower services inflation.
DateRegionEventActual/Expected/PriorImplications
24/03SACPI2.9%/3.1%/3.2%SA CPI slowed to 2.9% y/y in February.
24/03UKCPI0.4%/0.8%/0.7%The decline in inflation was driven by a 1.5% drop in clothing and footwear prices.
25/03SASARB Interest Rates–/3.5%/3.5%Rates expected to be on hold.

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

Source: Nedbank

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By | 2021-04-20T18:43:52+02:00 March 25th, 2021|Markets and Research|0 Comments

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