Daily Market Commentary Flash Note – 23 April 2021

CurrenciesThe rand holds steady around the 14.3000 level.
Commodities Benchmark crude oil contracts have ticked higher.
EquitiesJoe Biden’s intention to raise wealthy Americans’ capital-gains taxes has halted the rally in the nation’s stock market, and could see broad-based profit taking before the bill even makes it through Senate.
DateRegionEventActual/Expected/PriorImplications
04/22USLeading Index1.3%/1.0%/-0.1%Leading index rose 1.3% to 111.6 points.
04/22EZECB Main refinancing rate0.0%/0.0%/0.0%Main refinancing rate unchanged.

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

Source: Nedbank

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By | 2021-04-23T08:08:34+02:00 April 23rd, 2021|Markets and Research|0 Comments

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