Daily Market Commentary Flash Note – 1 April 2021

CurrenciesFX markets likely to remain cautious going into the long weekend.
Commodities Benchmark crude oil prices traded above $59 a barrel.
EquitiesBiden’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.
EconomicsSA recorded another bumper trade surplus in February.
DateRegionEventActual/Expected/PriorImplications
31/03UKGDP1.3%/1.0%/1.0%UK 4Q20 GDP was revised up to 1.3% q/q from 1% previously.
31/03USADP Employment517k/550k/176kJobs in the private sector increased by 517k in February.
31/03SATrade surplus29bn/22.1bn/12.4bnImport growth muted.

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

Source: Nedbank

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By | 2021-04-20T18:42:08+02:00 April 1st, 2021|Markets and Research|0 Comments

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