Daily Market Commentary Flash Note – 7 April 2021

CurrenciesThe rand consolidates in thin trade.
Commodities Benchmark crude oil contracts are little changed.
EquitiesThe JSE and Europe end firmer, with the STOXX Europe 600 closing at record highs, while the US edged lower following the recent rally.
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 | 2021-04-07T09:37:01+02:00 April 7th, 2021|Markets and Research|0 Comments

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