Daily Market Commentary Flash Note – 19 April 2021

CurrenciesThe rand holds largely steady as the new week opens.
Commodities Benchmark crude oil contracts have lost some ground in early Asia trade.
EquitiesAsian shares climbed and US equity futures pared a drop Monday as the global economic recovery and corporate earnings prospects bolstered sentiment despite rising COVID-19 infections.
DateRegionEventActual/Expected/PriorImplications
04/20UKILO Unemployment rate–/5.0%/5.0%Unemployment expected to remain steady at 5%.
04/21SACPI–/3.3%/2.9%On the back of higher fuel prices.
04/21UKCPI–/0.8%/0.4%Higher fuel prices.
04/22EZECB Main refinancing rate–/0.0%/0.0%Rates expected to be on hold.

Nedbank CIB Market Commentary | CIBMarketComm@Nedbank.co.za | +27 11 537 4091

Source: Nedbank

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By | 2021-04-19T08:28:40+02:00 April 19th, 2021|Markets and Research|0 Comments

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