
Fixed Income | UST yields continue to trade in a narrow range with the 10yr currently yielding 1,572%; SAGBs likely to be impacted by higher volatility levels this week. |
Currencies | Rand remained resilient into the week’s close. |
Commodities | Oil below $62/bbl. as Indian Covid-19 resurgence worsens. |
Equities | Top40 +0.48%, market rebounds from session lows with demand in property +2.5% and industrial metals +1.5% ongoing. |

Date | Region | Event | Actual/Expected/Prior | Implications |
27/04 | US | Consumer confidence | –/112/109.7 | Consumer sentiment will be lifted as a result of the stimulus being provided to households, as well as the improvement in economic activity in the US. |
27/04 | JN | BoJ policy rate | –/-0.1%/-0.1% | No change expected as the BoJ remains accommodative. |
28/04 | US | FOMC rate decision | –/0.25%/0.25% | Fed to keep rate steady and signal continued support to the economy. |
29/04 | US | GDP – Q1 | –/6.9%/4.3% | Growth to be boosted by better demand in Q1. |
30/04 | EZ | GDP – Q1 | –/-0.8%/-0.7% | Lockdown restrictions in the 2nd wave of the pandemic will likely keep growth muted in Q1. |
30/04 | SA | Various | — | SA’s trade balance likely to post a surplus in March, driven by exports, while the monthly budget balance may produce a deficit of around R50bn in March, as per the preliminary data. |
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.