Daily Market Commentary Flash Note – 21 April 2021

CurrenciesThe rand trades steadily weaker as demand for USD provides a base.
Commodities Benchmark crude oil contracts have lost ground.
EquitiesGlobal markets are in a holding pattern as volumes dry up into the heart of the US corporate earnings season.
EconomicsSARB’s leading index marginally higher in February.
DateRegionEventActual/Expected/PriorImplications
04/20UKILO Unemployment rate4.9%/5.0%/5.0%Unemployment dropped to 4.9% in February, from 5% previously.
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 | 2021-04-21T08:46:05+02:00 April 21st, 2021|Markets and Research|0 Comments

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