Daily Market Commentary Flash Note – 22 April 2021

CurrenciesThe rand holds steady as CPI surprises on the down side.
Commodities Brent crude oil was marking at a touch above $65.
EquitiesTop40 +0.46% initially bobbing between gains and losses before the US came in with investors buying recovery names.
EconomicsSA CPI rose to 3.2% y/y in March, from 2.9% in February.
DateRegionEventActual/Expected/PriorImplications
04/21SACPI–/3.3%/2.9%SA CPI rose to 3.2%y/y in March, from 2.9% previously, marginally below consensus of 3.3%.
04/21UKCPI0.7%/0.8%/0.4%UK CPI rose to 0.7%y/y in March, from 0.4% previously, marginally below consensus of 0.8%.
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

If you are looking for other relevant market commentary, you might find Markets and Research relevant as well.

By | 2021-04-22T08:58:27+02:00 April 22nd, 2021|Markets and Research|0 Comments

Leave A Comment