| Currencies | Broad-based USD strength sees the rand lose ground. |
| Commodities | Oil dropped 1% to around $61 a barrel; Gold declined. |
| Equities | A flare-up of COVID-19 infections in Europe sends oil 6% lower as concerns of further lockdowns fuel a selloff of recent financial, energy and value winners. |
| Economics | The SARB leading indicator rose to 117.5 index points in January, from 115.1 in December. |
| Date | Region | Event | Actual/Expected/Prior | Implications |
| 23/03 | UK | Unemployment | 5.0%/5.2%/5.1% | Unemployment dropped to 5% in the three-month period ending January 2021. |
| 23/03 | US | Current Account Balance | -$188.5b/-$188.0b/-$180.9b | Current Account deficit widened to -$188.5b in 4Q20. |
| 23/03 | SA | Leading Indicator | 117.5/–/115.1 | Driven by an increase in commodity prices and job advertisements. |
| 24/03 | SA | CPI | –/3.1%/3.2% | Expected to decline on a year-on-year basis due to a decrease in medical aid inflation. |
| 24/03 | UK | CPI | –/0.8%/0.7% | Inflation expected to pick up marginally in February. |
| 25/03 | SA | SARB 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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