CurrenciesRand holds gains below 14.5000, next objective 14.3000.
Commodities Benchmark crude oil contracts rose overnight.
EquitiesGlobal markets trend lower as global investors trim positions after the recent rally that took risk assets to an all-time high.
EconomicsSA retail sales surged 6.9% m/m in February.
04/14SARetail Sales2.3%/-1.8%/-3.7%Increased demand as restrictions were eased.
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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