Daily Market Commentary Flash Note – 5 March 2021

CurrenciesThe USD recovery sees the rand trade to 15.3500.
Commodities Oil rallied toward $65 a barrel; Gold extended losses.
EquitiesRising UST yields continued to see growth assets sell off as rotation out of tech into energy and value persists.
EconomicsEurozone unemployment unchanged; Retail sales in Eurozone drops in January.
DateRegionEventActual/Expected/PriorImplications
03/04EZUnemployment rate8.1%/8.3%/8.1%Eurozone unemployment remained unchanged at 8.1% in January, better than consensus of 8.3%.
03/04EZRetail Sales-6.4%/-1.2%/0.6%Retail sales in the Eurozone dropped by 6.4% y/y in January.

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

Source: Nedbank

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By | 2021-03-23T23:05:22+02:00 March 5th, 2021|Markets and Research|0 Comments

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