Daily Market Commentary Flash Note – 16 April 2021

CurrenciesThe rand powers ahead, now among the front runners in EM FX.
Commodities Oil headed for its biggest weekly advance since March; Gold rose 1.85% to $1768.69/oz.
EquitiesAll rooms are sea facing, as all three major US indices reach all-time highs. Some profit-taking is expected into the weekend, as investors lock in some of the performance they have seen ytd.
EconomicsUS Retail sales and manufacturing production increased by 9.8% and 2.7% respectively in February.
DateRegionEventActual/Expected/PriorImplications
04/15USIndustrial production1.4%/2.5%/-2.6%Industrial production increased by 1.4% m/m in March, from a revised -2.6% m/m previously.
04/15USRetail sales9.8%/5.8%/-2.7%Retail sales increased by 9.8% m/m in March, from a revised 2.7% m/m decline in February.
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 | 2021-04-20T18:37:31+02:00 April 16th, 2021|Markets and Research|0 Comments

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