Daily Market Commentary Flash Note – 13 April 2021

CurrenciesThe rand marks time ahead of a possible third wave.
Commodities Benchmark crude oil contracts higher.
EquitiesMost Asian markets are trading in the green after US stocks closed around record highs as investors eyed the start of the corporate earnings season.
DateRegionEventActual/Expected/PriorImplications
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 | CIBMarketComm@Nedbank.co.za | +27 11 537 4091

Source: Nedbank

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By | 2021-04-20T18:36:21+02:00 April 13th, 2021|Markets and Research|0 Comments

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