| 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. |
| Date | Region | Event | Actual/Expected/Prior | Implications |
| 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
Source: Nedbank
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