CurrenciesThe rand fails to consolidate recent gains and drifts higher.
Commodities Benchmark crude oil contracts are little changed.
EquitiesTop40 +0.25%; US producer inflation data surprised to the upside, sending US futures lower.
EconomicsChinese CPI returned to positive territory; Chinese PPI increased by 4.4% y/y in March.
04/13UKMonthly GDP–/0.5%/-2.9%Economy expected to grow by 0.5% at the back of increased activity as the COVID-19 vaccine rollout gained momentum.
04/13SAMining production–/-3.4%/-6.2%Driven by higher commodity prices.
04/13USCPI–/2.5%/1.7%Higher energy prices.
04/14EZIndustrial production–/-1.4%/0.1%Contraction expected given supply chain disruptions experienced in the automotive industry.
04/14SARetail Sales–/-1.7%/-3.5%Expected to grow by 1.2%m/m in February, as lockdown restrictions were lifted.
04/15USRetail sales–/5.5%/-3.0%Sales expected to pick up after a further distribution of stimulus checks.
04/16EZCPI–/1.3%/0.9%Driven by higher fuel prices.

Nedbank CIB Market Commentary | | +27 11 537 4091

Source: Nedbank

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