Daily Market Commentary Flash Note

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.