| Currencies | FX markets likely to remain cautious going into the long weekend. |
| Commodities | Benchmark crude oil prices traded above $59 a barrel. |
| Equities | Biden’s infrastructure plan has provided some support to commodities and EM plays into the long weekend, but with the quarter-end out of the way, we are expecting lower volumes today. |
| Economics | SA recorded another bumper trade surplus in February. |
| Date | Region | Event | Actual/Expected/Prior | Implications |
| 31/03 | UK | GDP | 1.3%/1.0%/1.0% | UK 4Q20 GDP was revised up to 1.3% q/q from 1% previously. |
| 31/03 | US | ADP Employment | 517k/550k/176k | Jobs in the private sector increased by 517k in February. |
| 31/03 | SA | Trade surplus | 29bn/22.1bn/12.4bn | Import growth muted. |
Nedbank CIB Market Commentary | CIBMarketComm@Nedbank.co.za | +27 11 537 4091
Source: Nedbank
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