| Currencies | Global risk aversion sees the rand in retreat. |
| Commodities | Oil resumed gains; Gold edged higher. |
| Equities | The global rotation out of tech into energy and value continued overnight, seeing the Nasdaq trigger a technical selloff. |
| Date | Region | Event | Actual/Expected/Prior | Implications |
| 09/03 | SA | GDP | –/-4.5%/-6.0% | Further recovery expected in the fourth quarter, however the pace of recovery may have slowed as a result of a second wave of infections and electricity supply constraints. |
| 09/03 | JN | GDP | –/12.6%/12.7% | Second reading is expected to be revised slightly downward to 12.6% from 12.7% as a result of reduced private capital expenditure. |
| 10/03 | CH | CPI | –/-0.3%/-0.3% | CPI remains in deflation driven by a further decline in pork prices. |
| 11/03 | EZ | ECB Main Refinancing Rate | –/0.0%/0.0% | Rates expected to be on hold. |
Nedbank CIB Market Commentary | CIBMarketComm@Nedbank.co.za | +27 11 537 4091
Source: Nedbank
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