| Currencies | Rand recovery sees it trade back towards the lower end of its recent range. |
| Commodities | Oil climbed amid expectations that the OPEC+ will maintain its production curbs. |
| Equities | Asian markets are trading with a cautious bias and with indices a little mixed as investors assess the default risk from US hedge funds, rising COVID-19 cases in Europe and the lack of positive catalysts to spur the markets higher. |
| Date | Region | Event | Actual/Expected/Prior | Implications |
| 30/03 | US | Conference Board Consumer Confidence | –/96.8/91.3 | Confidence expected to improve, as indicated by the University of Michigan Sentiment indicator. |
| 30/03 | JN | Unemployment Rate | 2.9%/3.0%/2.9% | Unemployment remained unchanged at 2.9% in February, better than consensus which expected an increase to 3.0%. |
| 30/03 | JN | Retail Sales | -1.5%/-2.8%/-2.4% | Retail sales increased by 3.1% m/m in February. |
| 31/03 | SA | Trade Balance | –/18.8b/11.8b | Driven by growth in exports and low import growth given current domestic economic conditions. |
Nedbank CIB Market Commentary | CIBMarketComm@Nedbank.co.za | +27 11 537 4091
Source: Nedbank
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