Daily Market Commentary Flash Note – 6 April 2021

CurrenciesThe rand has continued to post steady gains.
Commodities Brent crude oil back below $63 per barrel; Gold advanced.
EquitiesAsian stocks have not followed their US counterparts higher as talks about China curtailing loan growth see risk-off sentiment.
DateRegionEventActual/Expected/PriorImplications
04/07SASACCI Business Confidence–/94.0/94.5Confidence expected to drop given the recent bouts of load shedding.
04/07USTrade balance–/-$70.5b/-$68.2bTrade deficit expected to widen in February.
04/08SAManufacturing Production–/-0.3%/-3.4%Expected to contract on an annual basis as indicated by the manufacturing PMI.
04/09USPPI–/2.7%/2.2%March producer prices expected to increase by 2.7% on an annual basis.

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

Source: Nedbank

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By | 2021-04-06T09:22:40+02:00 April 6th, 2021|Markets and Research|0 Comments

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