| Currencies | The rand loses marginal ground as local markets were closed. |
| Commodities | Brent crude oil remains within touching distance of $66.50 per barrel and Palladium has reached a new high in yesterday’s session but has given some of those gains back this morning. |
| Equities | No major movements out of the US session, and futures are only marginally higher from where we closed on Monday. |
| Date | Region | Event | Actual/Expected/Prior | Implications |
| 29/04 | SA | PPI YoY | -/ 4,5%/ 4% | PPI likely higher due to low lockdown restrictions and higher oil prices. |
| 30/04 | SA | Trade Balance Rand | -/ 26.0b/ 29.0b | SA’s trade balance likely to post a surplus in March, driven by exports. |
| 29/04 | USA | Initial jobless claims | -/ 539k/ 547k | Decline in jobless claims is pointing to a brighter outlook for the US labour market. |
| 29/04 | USA | GDP annualised Q0Q | -/ 6,9%/ 4,3% | GDP to grow at levels last seen in years just after the 1981-82 recession, due to the 1,9 trillion stimulus package passed in March. |
Nedbank CIB Market Commentary | CIBMarketComm@Nedbank.co.za | +27 11 537 4091
Source: Nedbank
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