|Currencies||Interest rates remain on hold and rand under pressure.|
|Commodities||Oil gained towards $60 a barrel; Gold headed for a weekly decline.|
|Equities||Broader equity markets have rallied off of yesterday’s lows as hopes of vaccine distribution outweigh the latest spike we have seen in infections; US financials and energy shares led gains overnight, and that theme should continue into the weekend.|
|25/03||SA||PPI||4.0%/3.6%/3.5%||Higher food and beverage inflation as well as an increase in equipment prices.|
|25/03||SA||SARB interest rate decision||3.5%/3.5%/3.5%||Benchmark interest rate kept unchanged.|
|26/03||US||GDP||4.3%/4.1%/33.4%||Driven up by increased private inventory investment.|
Nedbank CIB Market Commentary | CIBMarketComm@Nedbank.co.za | +27 11 537 4091
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