Daily Market Commentary Flash Note – 31 March 2021

CurrenciesThe rand remains resilient as the USD recovers.
Commodities Gold retreated back below $1,700 per ounce; Oil rose above $60 a barrel.
EquitiesTop40 +0.2%; US 10-year yield back at it again, touching 14-month highs to trade at 1.75% as we went home.
DateRegionEventActual/Expected/PriorImplications
30/03USConference Board Consumer Confidence109.7/96.9/90.4Consumer confidence surged due to better economic and employment expectations.
30/03EZConsumer Confidence-10.8/–/-14.8On better expectations about the economy and personal finances.
31/03SATrade Balance–/22.1b/11.8bDriven 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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By | 2021-04-20T18:34:37+02:00 March 31st, 2021|Markets and Research|0 Comments

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