| Currencies | Rand once again on the back foot above 15.0000. |
| Commodities | Oil prices rose on Wednesday, boosted by expectations that Opec+ producers might decide against increasing output. |
| Equities | Top40 -0.39%; US yields back in vogue with 10yr +6.55% to 1.48; US stocks lower at the open with tech and utilities leading the downside. |
| Economics | PMI data in the Eurozone, US and UK. |
| Date | Region | Event | Actual/Expected/Prior | Implications |
| 03/03 | UK | Markit Services PMI | 49.5/49.7/49.7 | Restrictions on travel, entertainment and hospitality continue to weigh on business activity. |
| 03/03 | US | Markit Services PMI | 59.8/58.9/58.9 | The services PMI expanded as a result of new orders. |
| 03/03 | EZ | Markit Services PMI | 45.7/44.7/44.7 | Lockdowns a result of the coronavirus, forcing entertainment and hospitality venues to remain closed. |
Nedbank CIB Market Commentary | CIBMarketComm@Nedbank.co.za | +27 11 537 4091
Source: Nedbank
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