Daily Market Commentary Flash Note – 14 April 2021

CurrenciesRand recovers to below 14.5000.
Commodities Benchmark crude oil prices have ticked up.
EquitiesTop40 +1.1%; TMTs led the charge, with NPN +2.67%, telcos +2.92%, helped by MTN +4.44% and SOL +6.65% after OPEC revised its 2021 consumption forecast higher.
EconomicsSA mining output rises in February.
DateRegionEventActual/Expected/PriorImplications
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 | 2021-04-20T18:38:02+02:00 April 14th, 2021|Markets and Research|0 Comments

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