Daily Market Commentary Flash Note – 26 March 2021

CurrenciesInterest rates remain on hold and rand under pressure.
Commodities Oil gained towards $60 a barrel; Gold headed for a weekly decline.
EquitiesBroader 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.
DateRegionEventActual/Expected/PriorImplications
25/03SAPPI4.0%/3.6%/3.5%Higher food and beverage inflation as well as an increase in equipment prices.
25/03SASARB interest rate decision3.5%/3.5%/3.5%Benchmark interest rate kept unchanged.
26/03USGDP4.3%/4.1%/33.4%Driven up by increased private inventory investment.

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

Source: Nedbank

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By | 2021-04-20T18:38:31+02:00 March 26th, 2021|Markets and Research|0 Comments

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